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Complete the correlation: Ratio method : Ed = QP%△Q%△P :: _______ : Ed = Lower segmentUpper segmentLower segmentUpper segment - Economics

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Complete the correlation:

Ratio method : Ed = `(%triangle"Q")/(%triangle"P")` :: _______ : Ed = `"Lower segment"/"Upper segment"`

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Solution

Ratio method : Ed = `(%triangle"Q")/(%triangle"P")` :: Point or Geometric Method : Ed = `"Lower segment"/"Upper segment"`

Concept: Methods of Measuring Price Elasticity of Demand
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Balbharati Economics 12th Standard HSC Maharashtra State Board
Chapter 3.2 Elasticity of Demand
Exercise | Q 3. (5) | Page 35
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