The elasticity of demand is given by
...The elasticity of demand is given by
The percentage change in quantity demanded divided by the corresponding percentage change in price
The percentage change in price divided by the corresponding percentage change in quantity demanded
The percentage change in quantity demanded divided by the corresponding price
The percentage change in price divided by the corresponding quantity demanded
None of the above
Correct answer is A
No explanation has been provided for this answer.
The purpose of conducting a census is to enable a country to ...
An outward shift of the production possibility curve shows that ...
The need to construct a scale of preference is necessitated by ...
The major agents of economics system are ...
In the long-run, a firm must shut down if its average revenue is ...
The difference between demand and wants is in the ...
To an individual, the term cost will include expenditure on the following EXCEPT ...
In a free market economy. the rationing of scarce goods is done principally by_______ ...
A Tax which takes a higher percentage from higher incomes is called? ...