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Price elasticity of demand can be measured by using :(a) \(\frac{ΔQ}{ΔP}\times \frac{Q}{P}\)(b) \(\frac{ΔQ}{ΔP}\times \frac{P}{Q}\)(c) \(\frac{-ΔQ}{ΔP}\times \frac{P}{Q}\)(d) \(\frac{-ΔQ}{ΔP}\times \frac{Q}{P}\) |
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Answer» (c) \(\frac{-ΔQ}{ΔP}\times \frac{P}{Q}\) |
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