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Which of the Following Expressions Can Be Used to Compute Q1Q1(Q+Q2)/2P1+P2(P2P1)/2 \frac{Q_{1}-Q_{1}}{\left(Q+Q_{2}\right) / 2} * \frac{P_{1}+P_{2}}{\left(P_{2}-P_{1}\right) / 2}

Question 123

Multiple Choice

Which of the following expressions can be used to compute the price elasticity of demand?


A) Price elasticity of demand = Q1Q1(Q+Q2) /2P1+P2(P2P1) /2 \frac{Q_{1}-Q_{1}}{\left(Q+Q_{2}\right) / 2} * \frac{P_{1}+P_{2}}{\left(P_{2}-P_{1}\right) / 2}

B) Price elasticity of demand = (Q+Q2) /2(Q1Q2) /2(P2P1) /2(P2+P1) /2 \frac{\left(Q+Q_{2}\right) / 2}{\left(Q_{1}-Q_{2}\right) / 2} * \frac{\left(P_{2}-P_{1}\right) / 2}{\left(P_{2}+P_{1}\right) / 2}

C) Price elasticity of demand = Q2Q1Q1+Q2P1+P2P2P1 \frac{Q_{2}-Q_{1}}{Q_{1}+Q_{2}} * \frac{P_{1}+P_{2}}{P_{2}-P_{1}}

D) Price elasticity of demand = Q2Q1Q1+Q2P2P1P1+P2 \frac{Q_{2}-Q_{1}}{Q_{1}+Q_{2}} * \frac{P_{2}-P_{1}}{P_{1}+P_{2}}

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