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The formula for the price elasticity of demand is Ed = Response option group ((Qd2 - Qd1) / (Qd2 + Qd1) / 2) / ((P2-P1)
The formula for the price elasticity of demand is Ed =
Response option group
((Qd2 - Qd1) / (Qd2 + Qd1) / 2) / ((P2-P1) / (P2 + P1) / 2))
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Managerial Economics And Financial Analysis
Authors: M.S. Bhat, A.V. Rau
1st Edition
9352300211, 978-9352300211
