Economics · Elasticity of Demand
Choose the correct formula to calculate the price elasticity of demand.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1ΔpΔq × qp
- 2ΔqΔp × qp
- 3ΔpΔq × pq
- 4ΔqΔp × pq✓
Correct answer
ΔqΔp × pq
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