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The price elasticity of demand is calculated by dividing the __ by the __ A. percentage change in the quantity demanded;percentage change in the price B. change in the quantity demanded; change in the price C. change in the price; the change in the quantity demanded D. percentage change in the price; percentage change in the quantity demanded

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The price elasticity of demand is calculated by dividing the __ by the __ A. percentage change in the quantity demanded;percentage change in the price B. change in the quantity demanded; change in the price C. change in the price; the change in the quantity demanded D. percentage change in the price; percentage change in the quantity demanded

The price elasticity of demand is calculated by dividing the __ by the __ A. percentage change in the quantity demanded;percentage change in the price B. change in the quantity demanded; change in the price C. change in the price; the change in the quantity demanded D. percentage change in the price; percentage change in the quantity demanded

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The correct answer is A. The price elasticity of demand is calculated by dividing the percentage change in the quantity demanded by the percentage change in the price. This measures the responsiveness of the quantity demanded to a change in price.
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