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Elasticity Calulator

May 8th, 2013 Comments off

e_{\langle R \rangle} = \frac{\operatorname d Q/Q}{\operatorname d P/P}

(Source)

Formula :
Price Elasticity (PED or Ed) = Change in Quantity / Change in Price

Where,
Change in Quantity = ((New Quantity – Original Quantity) / Original Quantity)
Change in Price = ((New Price – Original Price) / Original Price)

 

Categories: Economics, Uncategorized Tags:

Not A but An

May 4th, 2013 Comments off

Here’s Patrick Burke writing in WaPo:

I also always speak alongside a LGBT athlete,

Good for him, talking about homophobia to sportsters.  But it should be “an LGBT athlete,” since the acronym is never spelled out in speech.

That’s why I prefer the acronym to be re-ordered as “GBLT”:  because it’s also a tasty sandwich.

Categories: general rant, Uncategorized Tags: