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This question belongs to Commerce Economics

Economics

?

Which one of the following formulae based on the given diagram would be appropriate for measuring the elasticity of demand at point R?

A) $$\frac{{RS}}{{SB}} = \frac{{RS}}{{RA}} = \frac{{OU}}{{PU}}$$ B) $$\frac{{RS}}{{RA}} = \frac{{RS}}{{SB}} = \frac{{PU}}{{OU}}$$ C) $$\frac{{RA}}{{RB}} = \frac{{OQ}}{{OB}} = \frac{{PA}}{{PO}}$$ D) $$\frac{{RB}}{{RA}} = \frac{{QB}}{{OQ}} = \frac{{OP}}{{PA}}$$

Answer & Solution

Correct Answer: Option D

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