Economy, asked by danish1011, 10 months ago

(b) (i) Consider Figure 2, where DD' represents the rectangular hyperbola demand curve
for a good. Find the price elasticity of demand for this good at point A and point
B.

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Answered by pwnjangir07

Explanation:

sorry I didn't know about the Question

Answered by lovingheart

The demand curve is a rectangular hyperbola elasticity co-efficient value is one.

Explanation:

When the percentage change in the quantity demanded is equal to the percentage change in the price, then the demand for the commodity is said to be unitary elastic.
It is also equal to one and the demand curve is also called a rectangular hyperbola.
Hence, its co efficient value is one.
Rectangular hyperbola is a curve under which all rectangular areas are equal.
The rectangular hyperbola is the hyperbola for which the axes or asymptotes are perpendicular or with eccentricity.

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1.(b) (i) Consider Figure 2, where DD' represents the rectangular hyperbola demand curve for a good. Find the price elasticity of demand for this good at point A and point B.

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