Which of the Following Is the Formula for the Elasticity

question 30

Multiple Choice

Which of the following is the formula for the elasticity of Y with respect to X?

• A) E = (% Change in Y)/(% Change in X)
• B) E = (% Change in X)/(% Change in Y)
• C) E = (Change in Y)/(Change in X)
• D) E = (Change in X)/(Change in Y)