Which of the following can be used to calculate... - WAEC Economics 2013 Question
Which of the following can be used to calculate the price elasticity of demand?
A
\(\frac{\text{percentage change in quality demand}}{\text{percentage change in price}}\)
B
\(\frac{\text{percentage change in price}}{\text{percentage change inquantity demand}}\)
C
\(\frac{\text{percentage change in quality demand}}{\text{percentage change in income}}\)
D
\(\frac{\text{percentage change in income}}{\text{percentage change in quantity demand}}\)
correct option: a
Please share this, thanks:
Add your answer
No responses