A. ratio of the change in price to the change in quantity demanded.
B. ratio of the percentage change in quantity demanded to the percentage change in price.
C. ratio of the change in quantity demanded to the change in price.
D. ratio of the percentage change in price to the percentage change in quantity demanded.
Correct Answer: ratio of the percentage change in quantity demanded to the percentage change in price. ✔
Last Updated: June 18, 2019