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What is the correct answer?

4

Price elasticity of demand can be measured in the following way:

A. Percentage change in quantity demanded of a commodity divided by percentage change in price of that commodity

B. Change in quantity demanded of a commodity divided by change in price of that commodity

C. Percentage change in price of a commodity divided by percentage change in quantity demanded of that commodity

D. None of that commodity

Correct Answer :

A. Percentage change in quantity demanded of a commodity divided by percentage change in price of that commodity


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