Question

Write the formula for finding out elasticity of demand by geometric method.

Answer 1

Answer:

If you're looking for how to calculate price elasticity of demand, simply follow this formula. %∆ in Qd = Percentage Change in Quantity Demanded. The Percentage Change in Quantity Demanded is the New Quantity Demanded minus the Old Quantity Demanded divided by the Old Quantity Demanded.

hopefully it will help uhh

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