Daffodil International University
Faculties and Departments => Business & Entrepreneurship => Topic started by: Md. Alamgir Hossan on April 04, 2017, 04:18:57 PM
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The price elasticity of demand is computed as the percentage change in the quantity demanded divided by the percentage change in price.
"Price\ elasticity\ of\ demand"="Percentage\ change\ in\ quatity\ demanded" /"Percentage\ change\ in\ price"
"Price\ Elasticity\ of\ Demand\=" ((Q_2-Q_1 )⁄[(Q_2+Q_1)"\/\2"])/((P_2-P_1 )⁄[(P_2+P_1)"\/\2"])
Computing the Price Elasticity of Demand
█(E_D=(("\1\0\0\-\5\0")("\1\0\0"+"\5\0")"\/\2")/((4"\.\0\0\-\5\.\0\0")(4"\.\0\0"+5"\.\0\0")"\/\2" )@@="\6\7\ percent" /"\-\2\2\ percent" ="\-\3"@|-3|@3@)
Demand is perfectly elastic.