What is the formula for measuring price elasticity of demand? percentage change in price / percentage change in quantity demanded percentage change in quantity demanded / percentage change in price change in quantity demanded / change in price change in price / change in quantity demanded when the price elasticity coefficient is less than 1, the percentage change in quantity demanded is the change in price. when the price elasticity coefficient is equal to 1, the percentage change in quantity demanded is the change in price. when the price elasticity coefficient is greater than 1, the percentage change in quantity demanded is the change in price?
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