The formula for calculating price elasticity of demand coefficient is

Economics WAEC 1997

The formula for calculating price elasticity of demand coefficient is

  • Percentage change in price/percentage change in quantity demanded
  • Absolute decline in price/absolute increase in quantity demanded
  • Percentage change in quantity demanded/percentage change in price checkmark
  • Absolute decline in quantity demanded/absolute increase in price
  • Change in quantity demanded/decrease in price

The correct answer is: C

Explanation

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