Practicing Success
Elasticity of Demand is given by the formula. |
$\frac{Q}{\Delta Q} \times \frac{P}{\Delta P}$ $\frac{\Delta Q}{Q} \times \frac{P}{\Delta P}$ $\frac{\Delta P}{P} \times \frac{\Delta Q}{Q}$ $\frac{\Delta Q}{P} \times \frac{Q}{P}$ |
$\frac{\Delta Q}{Q} \times \frac{P}{\Delta P}$ |
Elasticity of Demand =$\frac{\Delta Q}{Q} \times \frac{P}{\Delta P}$ |