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The price elasticity of demand is defined as a. the absolute change in price divided by the absolute change in quantity demanded b. the absolute

The price elasticity of demand is defined as

a. the absolute change in price divided by the absolute change in quantity demanded

b. the absolute change in quantity demanded divided by the absolute change in price

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

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

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