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The numerical measure of elasticity is

Economics
JAMB 1978

The numerical measure of elasticity is
  • A. \(\frac{\text{%change in Q}}{\text{%change in P}}\)
  • B. \(\frac{\text{change in Q}}{\text{change in P}}\)
  • C. \(\frac{\text{%change in P}}{\text{%change in Q}}\)
  • D. \(\frac{\text{change in P plus change in Q}}{\text{change in P}}\)
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Correct Answer: Option A
Explanation
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts