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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:
Q. Natural environment for economics? Environment: The natural environment is an essential aspect of the economy, whose influence is felt in several different ways. Everyone
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demand elasticity in urdu
WHAT IS A PRODUCTION FUNCTION SCHEDULE?
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