explain the points or geometric method of measuring elasticity?
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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. When there are infinitely small changes in price and demand, then the 'Geometric Method' is used. This method is also known as 'Graphic Method' or 'Point Method' or 'Arc 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.. .. this method is also known as 'graphic method'or'point methad' or'arc methad'. elasticity of demand (Ed) is different at different point on the same straight line demand curve
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