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A. consumer income rises<br />
B. the prices of other products<br />
fall<br />
C. the price of the product rises<br />
D. the price of the product falls<br />
Question 19 of<br />
0.0/ 5.0 Points<br />
20<br />
The price elasticity of demand is calculated by __________ .<br />
A. the change in price divided by the change in quantity demanded<br />
B. the change in quantity demanded divided by the change in price<br />
C. the percentage change in price divided by the percentage change in quantity demanded<br />
D. the percentage change in quantity demanded divided by the percentage change in<br />
price<br />
Question 20 of<br />
5.0/ 5.0 Points<br />
20<br />
The ratio of the percentage change in quantity demanded to the percentage change in price is<br />
known as the __________ .<br />
A. demand-side shift factor<br />
B. income elasticity of<br />
demand<br />
C. price elasticity of demand<br />
D. cross elasticity of demand