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The Formula for the Point Price Elasticity Can Be Written η\eta

Question 24

Multiple Choice

The formula for the point price elasticity can be written as:


A) η\eta = ( Δ\Delta Q / Δ\Delta P) (P / Q) .
B) η\eta = ( Δ\Delta P / Δ\Delta Q) (P / Q) .
C) η\eta = ( Δ\Delta Q / Δ\Delta P) (Q / P) .
D) η\eta = ( Δ\Delta P / Δ\Delta Q) (Q / P) .
E) none of the above.

Correct Answer:

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