The price elasticity of demand is defined as the magnitude of ………?
Select ONE answer:
- The percentage change in quantity demanded divided by the percentage change in price.
- The percentage change in price divided by the percentage change in quantity demanded.
- The change in price divided by the change in quantity demanded.
- The change in quantity demanded divided by the change in price.
What is meant by the “Division of Labour”?
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This is multiple choice question is suitable for Economics KS5 classes.
The answer is 1
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