Question
The formula for the arc elasticity of demand can be written as: a.XY = [QX /(Q1X + Q2X)]/[PX/(P1X + P2X)]. b.XY = [QX /(Q1Y +
The formula for the arc elasticity of demand can be written as:
a.XY = [QX /(Q1X + Q2X)]/[PX/(P1X + P2X)].
b.XY = [QX /(Q1Y + Q2Y)/2]/[PY/(P1X + P2X)/2].
c.XY = [QX /(Q1X + Q2X)/2]/[PY/(P1Y + P2Y)/2].
e.none of the above.
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Econometric Analysis
Authors: William H. Greene
7th edition
131395386, 131395381, 978-0131395381
