Price elasticity of demand describes: A

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Price elasticity of demand describes:

A.the size of the percentage change in the quantity demanded of a good or service when its price changes by one percent.

B.the size of the shift in demand of a good or service when its price changes by one percent.

C.the size of the percentage change in the quantity supplied of a good or service when its demand changes due to a price change.

D.None of these is true.