Question

Explain point method for measuring price elasticity of demand​

Answer 1

Answer:

This method is used to measure the price elasticity of demand at any given point in the curve. According to this method, elasticity of demand will be different on each point of a demand curve. Thus, this method is applied when there is small change in price and quantity demanded of the commodity.

Explanation:

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Answer 2

Answer:help

Explanation: