Question

11. माँग की कीमत लोच को मापने की ज्यामितिक विधि को रेखाचित्र की सहायता से समझाइए।
Explain with the help of a diagram, the geometric method of measuring prid
elasticity of demand. .​

Answer 1

Answer:

Geometric Method: Geometric method was suggested by Prof. Marshall and is used to measure the elasticity at a point on the demand curve. ... In order to measure Ed at any particular point, lower portion of the curve from that point is divided by the upper portion of the curve from the same point.