explain ARC method in economics
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Arc elasticity is the elasticity of one variable with respect to another between two given points. ... Arc elasticity is also defined as the elasticity between two points on a curve. The concept is used in both mathematics and economics.
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Arc elasticity is the elasticity of one variable with respect to another between two given points. ... Arc elasticity is also defined as the elasticity between two points on a curve. The concept is used in both mathematics and economics...
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