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# Distinguish Between :Percentage Method of Counting Elasticity of Demand and Geometric Method of Counting Elasticity of Demand. - Economics

ConceptSupply Curve and Schedule

#### Question

Distinguish between :

Percentage method of counting elasticity of demand and Geometric method of counting elasticity of demand.

#### Solution

 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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#### APPEARS IN

2012-2013 (March) (with solutions)
Question 3.1.3 | 2.00 marks

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Solution Distinguish Between :Percentage Method of Counting Elasticity of Demand and Geometric Method of Counting Elasticity of Demand. Concept: Supply Curve and Schedule.
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