The numerical measure of elasticity is

  • A \(\frac{\text{%change in Q}}{\text{%change in P}}\)
  • B \(\frac{\text{change in Q}}{\text{change in P}}\)
  • C \(\frac{\text{%change in P}}{\text{%change in Q}}\)
  • D \(\frac{\text{change in P plus change in Q}}{\text{change in P}}\)

The correct answer is A. \(\frac{\text{%change in Q}}{\text{%change in P}}\)

No explanation given
Previous question Next question