Multiple Choice
A correct formula (dropping all minus signs) for the calculation of the elasticity of demand between point Q1, P1 and point Q2, P2 is
A) [(P2 − P1) /(P2 + P1) ]/[(Q2 − Q1) /(Q2 + Q1) ].
B) [(P2 − P1) /P1]/[(Q2 − Q1) /Q1].
C) [(Q2 − Q1) /(Q2 + Q1) ]/[(P2 − P1) /(P2 + P1) ].
D) [(Q2 − Q1) /Q2) ]/[(P2 − P1) /P2].
Correct Answer:

Verified
Correct Answer:
Verified
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