What is the generalized formula for any elasticity?

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What is the specific formula for elasticity of demand? Cross elasticity? Income elasticity?

2007-11-01 15:05:35 · 2 answers · asked by Robin Sparkles 3 in Social Science ➔ Economics

To determine the elasticity of the supply or demand curves, we can use this simple equation:

Elasticity = (% change in quantity / % change in price)

2007-11-01 15:27:17 · answer #1 · answered by smaccas 3 · 2⤊ 0⤋

e=dy/dx(x/y)

2007-11-02 09:22:01 · answer #2 · answered by OPM 7 · 0⤊ 0⤋