Which of the Following Formulas Calculates Price Elasticity of Demand

question 100

Multiple Choice

Which of the following formulas calculates price elasticity of demand?

• A) (1 + % change in quantity sold) / (1 + % change in price)
• B) % change in quantity sold / % change in price
• C) ln (1 + % change in quantity sold) / ln (1 + % change in price)
• D) ln (1 - % change in quantity sold) / ln (1 - % change in price)

---

Definitions:

Dimensions

Refers to aspects or features that can be measured in various contexts, such as dimensions of personality, physical dimensions, or dimensions of an object.

Self-Esteem

An individual's subjective evaluation of their own worth, encompassing beliefs about oneself as well as emotional states.

Self-Concept

An individual's perception of themselves, built from their beliefs and attitudes about themselves.

Self-Image

A person's conception of themselves and their abilities.