The Formula for the Point Price Elasticity Can Be Written $\eta$

question 24

Multiple Choice

The formula for the point price elasticity can be written as:

• A) \(\eta\) = (\(\Delta\)Q / \(\Delta\)P)(P / Q).
• B) \(\eta\) = (\(\Delta\)P / \(\Delta\)Q)(P / Q).
• C) \(\eta\) = (\(\Delta\)Q / \(\Delta\)P)(Q / P).
• D) \(\eta\) = (\(\Delta\)P / \(\Delta\)Q)(Q / P).
• E) none of the above.

---

Definitions:

Action Potential

A temporary reversal of the electrical potential across the membrane of a neuron, leading to the transmission of an electrical signal along the neuron.

Electrical Signal

An impulse or transmission of information conveyed through the movement of electrical charge.

Axon

An elongated, thin extension of a neuron, also known as a nerve cell, which usually transmits electrical signals from the cell body of the neuron.

Synaptic Transmission

The process by which neurons communicate with each other by releasing neurotransmitters across a synapse to transmit signals to target cells.