The price-point elasticity of demand formula is: Ed = P/Q sub d * dQ/Dp, where: P is the price at which you are evaluating the elasticity of demand. Q sub d is the quantity demanded at the point you are evaluating elasticity of demand. dQ/dP is the first derivative of quantity demanded with respect to price.
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A multiple-employer trust (MET) is made up of two or more employers in similar or related businesses who do not qualify for group insurance on their own. In situations like this, several small companies banded together to create a large pool of people so that the insurance company will provide coverage.