8 Views

Question : Elasticity is quantified by
A: Geometrical Method 
B: Arithmetical Method

Option 1: Only A correct 

Option 2: Only B correct 

Option 3: Both are correct

Option 4: None of the above


Team Careers360 7th Jan, 2024
Answer (1)
Team Careers360 9th Jan, 2024

Correct Answer: Only A correct 


Solution : There are four methods of measuring the elasticity of demand. They are the percentage method, point method, arc method, and expenditure method.
A geometric method is also called the point method of measuring elasticity. Under this method, elasticity is measured at different points on a demand curve. 
Hence only A is the correct answer.

Related Questions

Amity University-Noida B.Tech...
Apply
Among top 100 Universities Globally in the Times Higher Education (THE) Interdisciplinary Science Rankings 2026
BML Munjal University | B.Tec...
Apply
A Hero Group Initiative | Up to 100% Scholarships | Highest CTC 32.99 LPA | Average CTC 8.45 LPA | Accepts JEE Score | Applications Closing Soon!
SRM University A.P UG Admissi...
Apply
UG Admissions Open 2026 | Highest CTC 52 LPA | Average CTC 9.09 LPA | 60+ Collaborations with the world's best Universities
Amity University-Noida MBA Ad...
Apply
Ranked among top 10 B-Schools in India by multiple publications | Top Recruiters-Google, MicKinsey, Amazon, BCG & many more.
Amity University-Noida BBA Ad...
Apply
Among top 100 Universities Globally in the Times Higher Education (THE) Interdisciplinary Science Rankings 2026
Poddar Business School PGDM A...
Apply
Highest CTC 24 LPA | Average CTC 8.5 LPA | 1600+ Recruiters | 165+ Corporates Linkages
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books