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)

Question

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The Answer of 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)

Which of the Following Formulas Calculates Price Elasticity of Demand