Question

What are the different ways to find Ed?

Answer 1

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$\mathfrak{\blue{Q.}}$What are the different ways to find Ed?

$\mathfrak{\blue{Ans.}}$ Different ways to find Ed are mentioned below...↓↓

$\mathfrak{i.)}$ Ed = % change in QD/ % change in PD

$\mathfrak{ii.)}$ Ed = ∆Q/∆P × P/Q

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Answer 2

Heya...

See here for your answer....

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What is Ed??

√ It is the measurement of degree of change in % change in quantity demanded in response to the % change in own price of the commodity..

Different methods to calculate Ed are..

1 % change in quantity demanded / % change in own price of commodity..

2 Proportion method...
P/Q x - ∆ Q / ∆ P...

3 By using diagrams of elasticity of demand regarding its degrees also can be way to calculate it...

Thank you..