Point elasticity of demand, Microeconomics

Point Elasticity of Demand

- For large price changes (such as 20%), value of elasticity will depend upon where price and quantity lies on demand curve.

- Point elasticity measures elasticity at the point on demand curve.

- The formula for it is:

1329_point elasticity of demand.png

Posted Date: 10/10/2012 7:36:54 AM | Location : United States







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