question archive The percentage change in the quantity demanded of a good or service when its price changes by one percent is: A

The percentage change in the quantity demanded of a good or service when its price changes by one percent is: A

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The percentage change in the quantity demanded of a good or service when its price changes by one percent is:

A. price elasticity of demand.

B. price elasticity of supply.

C. cross-price elasticity of demand.

D. income elasticity of demand.

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