Question

consider the demand curve AC of a good in figure 1.Give distance AB and BC as x and y, respectively.
1. what will be the price elasticity of demand for the good at point B? What will be the price elasticity of demand for the good at point A and point C?
2. Given the price elasticity at point B is 1, how x and y will be related?​

Answer 1

Please elaborate properly sir.. do you want direct answer or step by step explanation..

Answer 2

Answer:

consider the demand curve ac of a good in figure 1.given distance ab and bc as x and y respectively