Explain methods for measuring elasticity of demand
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1:The Percentage Method: The price elasticity of demand is measured by its coefficient (Ep). ...
2:The Point Method: Prof. Marshall devised a geometrical method for measuring elasticity at a point on the demand curve. ...
3:The Arc Method: ...
4:The Total Outlay Method:
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Answer:
there are 3 methods
Explanation:
1. percentage method
2. geometric method
3.total outlet method
hope this helps you : )
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