i want to know the logic behind the price elasticity of demand formula:
(q1 - q2)/(q1+q2)*(p1+p2)/(p1-p2)
kumar shan (student) (138 Points)
17 November 2009i want to know the logic behind the price elasticity of demand formula:
(q1 - q2)/(q1+q2)*(p1+p2)/(p1-p2)
Deep@k $ingh@l
(CA>FINAL May'14)
(595 Points)
Replied 05 December 2009
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