Which one of the following elasticities takes the average of prices and quantities:

by
Question:

Which one of the following elasticities takes the average of prices and quantities:

A.

Point elasticity of demand

B.

Arc elasticity of demand

C.

Income elasticity of demand

D.

Cross elasticity of demand

Answer» b. Arc elasticity of demand

Note: The above multiple-choice question is for all general and Competitive Exams in India.