The correct mid point formula for elasticity of supply is A) The change in quant

Question

The correct mid point formula for elasticity of supply is A) The change in quantity demanded divided by the sum of quantities demanded divided by two, over the change in price divided by the sum of prices divided by two B) The change in quantity supplied divided by the sum of quantities supplied divided by two, over the change in price divided by the sum of prices divided by two C) The change in quantity demanded of product X divided by the sum of quantities demanded for product X divided by two, over the change in price of product Y divided by the sum of prices of product Y divided by two D) The change in quantity demanded divided by the sum of quantities demanded divided by two, over the change in income divided by the sum of incomes divided by two E) None of the above

Explanation / Answer

The correct answer is B. I did the test and this was the correct answer!!

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