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प्रश्न
Distinguish between :
Percentage method of counting elasticity of demand and Geometric method of counting elasticity of demand.
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उत्तर
| Basis of Difference | Percentage method of counting elasticity of demand | Geometric method of counting elasticity of demand |
| Method | \[E_d = \frac{\text { Percentage change in demand}}{\text { Percentage change in price}}\]
|
\[E_d = \frac{\text { Lower segment of the demand curve}}{\text { Upper segment of the demand curve}}\]
|
| Also known as | Arithmetic method | Point elasticity method |
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