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Price elasticity of demand is defined as the A. percentage change in quantity demanded divided by the percentage change in price. B. percentage change in

Price elasticity of demand is defined as 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.percentage change in quantity demanded multiplied by the percentage change in price.

D.percentage change in price minus the percentage change in quantity demanded.

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