Question

define point for price elasticity of demand show how the point price elasticity of demand can be measured on any point of a straight line demand curve​

Answer 1

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━━━━━━━━━━━━━━━━━━━$\mathfrak{\green{Answer.}}$The graph shows a downward slopingline that represents the price elasticity of demand. ... This means that, along the demand curve between point B and point A, if the price changes by 1%, the quantity demanded will change by 0.45%. A change in the price willresult in a smaller percentage change in the quantity demanded.
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