Learn
Practice
Download App
News
FAQs
Help
German (DE)
English (EN)
Spanish (ES)
French (FR)
Yoruba (NG)
Igbo (NG)
Hausa (NG)
Dutch (NL)
Portuguese (PT)
Swahili (TZ)
The numerical measure of elasticity is
Question 1
Report
The numerical measure of elasticity is
\(\frac{\text{%change in Q}}{\text{%change in P}}\)
\(\frac{\text{change in Q}}{\text{change in P}}\)
\(\frac{\text{%change in P}}{\text{%change in Q}}\)
\(\frac{\text{change in P plus change in Q}}{\text{change in P}}\)
Answer Details
Read lesson note on The Theory Of Demand (JAMB)
Read lesson note on Economics As A Science (JAMB)
The Theory Of Demand
Economics As A Science
View Answer