Elasticity of Demand is given by the formula. Option 1: Q/ Q x P/ P Option 2: Q/Q x P/ P Option 3: P/P x Q/Q Option 4: Q/P x Q/P

The answer is 'Q/Q x P/ P'. View full solution:

CUET Economics - Elasticity of Demand is given by the formula. | PYQs + Solutions

CUET Economics

Micro

Easy

$\frac{Q}{\Delta Q} \times \frac{P}{\Delta P}$

$\frac{\Delta Q}{Q} \times \frac{P}{\Delta P}$

$\frac{\Delta P}{P} \times \frac{\Delta Q}{Q}$

$\frac{\Delta Q}{P} \times \frac{Q}{P}$

✅ Correct Option: 2

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