Elasticity of demand is given by

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Economics JAMB 1981

Elasticity of demand is given by

  • the prcentage change in quantity demanded divided by the corresponding percentage change in price checkmark
  • the percentage change in price divided by the corresponding percentage change in quantity demanded
  • the percentage change in quantity demanded divided by the corresponding price
  • the percentage change in price divided by the corresponding quantity demanded
  • none of the above

The correct answer is: A

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