Business
Business, 25.01.2020 00:31, zafarm2oxgpmx

The price elasticity of demand is:
a) the ratio of the percentage change in quantity demanded to the percentage change in price.
b) the responsiveness of revenue to a change in quantity.
c) the ratio of the change in quantity demanded divided by the change in price.
d) the response of revenue to a change in price.

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Answers: 3

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The price elasticity of demand is:
a) the ratio of the percentage change in quantity demanded...

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