A Correct Formula (Dropping All Minus Signs) for the Calculation

question 50

Multiple Choice

A correct formula (dropping all minus signs) for the calculation of the elasticity of demand between point Q₁, P₁ and point Q₂, P₂ is

• A)[(P₂ − P₁)/(P₂ + P₁)]/[(Q₂ − Q₁)/(Q₂ + Q₁)].
• B)[(P₂ − P₁)/P₁]/[(Q₂ − Q₁)/Q₁].
• C)[(Q₂ − Q₁)/(Q₂ + Q₁)]/[(P₂ − P₁)/(P₂ + P₁)].
• D)[(Q₂ − Q₁)/Q₂)]/[(P₂ − P₁)/P₂].

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Definitions:

Freud

Sigmund Freud, Austrian neurologist and the founding father of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

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