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Elasticity of a Function
For $$y=f(x)$$, the elasticity of $$y$$ with respect to $$x$$ is:
$$E=\frac{x}{y}\frac{dy}{dx}$$
Usage
- Used to measure the percentage change in $$y$$ produced by a percentage change in $$x$$.
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Elasticity of a Function
For $$y=f(x)$$, the elasticity of $$y$$ with respect to $$x$$ is:
$$E=\frac{x}{y}\frac{dy}{dx}$$
Usage
- Used to measure the percentage change in $$y$$ produced by a percentage change in $$x$$.
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