Economy, asked by wallingimli21, 4 months ago

explain geometric method of calculating elasticity of supply

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Answered by Anonymous

Answer:

the geometric method measures elasticity at a given point on the supply curve and is also. known as 'Arc method' or Point method'. At point 'A', the price is OP and the quantity supplied is OQ. When the price rises to OP1, quantity supplied also raise to OQ1.

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