Solved

A Correct Formula (Dropping All Minus Signs)for the Calculation of the Elasticity

Question 144

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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions