Question

Formula for elasticity of demand by geometric method :

(a)\(\frac {\textit{Lower Sector of Demand Curve}}{\textit{Upeer Sector of Demand Curve}} \)

(b)\(\frac {\textit{Upeer Sector of Demand Curve}}{\textit{Lower Sector of Demand Curve}} \)

(c) \(\frac{Δ Q/Q}{Δ P/p}\)

(d) \(\frac{Δp/p}{ΔQ/Q}\)

Answer 1

(a)\(\frac {\textit{Lower Sector of Demand Curve}}{\textit{Upeer Sector of Demand Curve}} \)