Questions
ERMCPS5350_003_2025_3 - INTRO TO QUANTITATIVE RISK MANAGEMENT 11. Quiz for Class 11
Single choice
Which of these formulas represents an elastic response of y with respect to x, which is also called x-elasticity of y ?
Options
A.dx/dy
B.(dy/y)/(dx/x)
C.(dx/x)/(dy/y)
D.dy/dx
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Step-by-Step Analysis
The question asks which formula represents the elastic response of y with respect to x, also known as the x-elasticity of y.
Option A: dx/dy. This expression is the reciprocal of dy/dx and represents a slope inverse with respect to x as a function of y, not the elasticity measure. It does not capt......Login to view full explanationLog in for full answers
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