difference between point elasticity and arc elasticityof demand?
Answers
Answered by
2
As we explained above, arc elasticity is a concept based on finite changes in quantity demanded and price between two points on the demand curve. Point elasticity is a concept based on infinitesimal changes in quantity demanded and price from the point on the demand curve. ... called point elasticity.”
Answered by
1
Answer:
As we explained above, arc elasticity is a concept based on finite changes in quantity demanded and price between two points on the demand curve. Point elasticity is a concept based on infinitesimal changes in quantity demanded and price from the point on the demand curve. ... called point elasticity."
Explanation:
hope it's help
Similar questions
Hindi,
3 hours ago
Psychology,
5 hours ago
Math,
5 hours ago
History,
7 months ago
Math,
7 months ago