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A-LevelEconomicsThe price system and the microeconomy9708/12 · Feb/Mar 2021 · Q131 Mark

What is used to calculate the price elasticity of demand?

Achange in price / change in quantity demanded
Bchange in quantity demanded / change in price
Cpercentage change in price / percentage change in quantity demanded
Dpercentage change in quantity demanded / percentage change in price

✓ Correct answer

D: percentage change in quantity demanded / percentage change in price

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About this question

Topic
The price system and the microeconomy, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source
A-Level Economics, Feb/Mar 2021 Paper 1 Variant 2, question 13.

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