Price elasticity is computed by

e_{p} = \frac{P _{1} - P _{2}}{Q _{1}} \times \frac{P _{1} + P _{2}}{Q _{2}}

e_{p} = \frac{\frac{Q _{2} - Q _{1}}{Q _{1}}}{P _{1}} \times 100

e_{p} = \frac{\frac{Q _{2} - Q _{1}}{Q _{1}}}{\frac{P _{2} - P _{1}}{P _{1}}}

Answer

e_{p} = \frac{\frac{Q _{2} - Q _{1}}{Q _{1}}}{Product} \times 100

Answer: Option C

Answer: Option C

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