The relationship between elasticity of demand (e), Average Revenue (AR) and Marginal
Revenue (MR) is shown by which of the following formula ?
(a) e = MR / (AR – MR)
(b) e = AR/MR
(c) e = MR/AR
(d) e = AR / (AR – MR)
Revenue (MR) is shown by which of the following formula ?
(a) e = MR / (AR – MR)
(b) e = AR/MR
(c) e = MR/AR
(d) e = AR / (AR – MR)