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Explain clearly.. Question 2 (4 points) The price elasticity of demand is calculated as the absolute value of the change in quantity divided by the

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Explain clearly..

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Question 2 (4 points) The price elasticity of demand is calculated as the absolute value of the change in quantity divided by the change in price. change in price divided by the change in quantity demanded. O percentage change in price divided by the percentage change in quantity demanded. percentage change in quantity demanded divided by the percentage change in price

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