Q.
1

(Where Ed = elasticity of demand, Q = Quantity, P = Price and Δ = represents change)

  • A

    Ed = ΔQ/Q×ΔP/P

  • B

    Ed = ΔQ/Q÷ΔP/P

  • C

    Ed = ΔP/ΔQ×Q/Y

  • D

    Ed= ΔP/P÷ΔQ/Q