The averaging equation of elasticity solves the problem of
A) whether price or quantity is in the numerator
B) which price or quantity to use as a base for calculating percentage changes
C) whether to use quantity supplied or demanded
D) removing the negative sign
E) whether to use income or price in the denominator

Question

Quizplus · Accepted Answer

The averaging equation of elasticity addresses the issue of which price or quantity to use as a base for calculating percentage changes, providing a consistent method for calculation.

The Averaging Equation of Elasticity Solves the Problem of