Explain the Geometric method of measuring the price elasticity of demand?
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the proportionate method or geometric method and total outlay method enable us to measure elasticity of demand at given point on the demand curve prof. Marshall elasticity of demand is measured ,which is known as geometric method
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Geometric Method: Geometric method was suggested by Prof. Marshall and is used to measure the elasticity at a point on the demand curve. ... In order to measure Ed at any particular point, lower portion of the curve from that point is divided by the upper portion of the curve from the same point.
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