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







Related Discussions:- Point elasticity of demand, Assignment Help, Ask Question on Point elasticity of demand, Get Answer, Expert's Help, Point elasticity of demand Discussions

Write discussion on Point elasticity of demand
Your posts are moderated
Related Questions
#questDuring the 1990s, technological advance reduced the cost of computer chips. Explain, with the use of supply and demand diagrams, how the following markets are affected in ter

MRTS and Marginal Productivity The change in output from change in labor equals:                     The change in output from change in capital equals

what are the various types of cost curves?

different btn elesticity of demand and inelasticity of demand


why risk averse consumers pay premium for insurance to convert an uncertain outcome to a certain one?

What are the basic analytical frameworks of modern economics? The fundamental analytical framework of modern economics: The fundamental analytical framework for an econom

Explain the axioms of completeness, transitivity and non-satiation using appropriate examples.

Themes of Microeconomics ?? As per Mick Jagger & the Rolling Stones, “You can’t always get what you want”. Why Not?          ?? Restricted Resources          ?? Infini

The price elasticity of demand is how economists calculate the responsiveness of consumers to alters in prices for a commodity.  In other words, as price enhances (reduces), the qu