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1.The price elasticity of demand is calculated as the absolute value of the A.percentage change in quantity demanded divided by the percentage change in price.

1.The price elasticity of demand is calculated as the absolute value of the

A.percentage change in quantity demanded divided by the percentage change in price.

B.percentage change in price divided by the percentage change in quantity demanded.

C.change in quantity demanded divided by the change in price.

change in price divided by the change in quantity demanded

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