Question

For what value of elasticity is revenue same fror all points on demand curve

Answer 1

Economics - Lumen Learning Above the midpoint, elasticity is greater than one and the firm wants to lower price to increase total revenue. At the midpoint, E1, elasticity is equal to one, or unit elastic. Elasticity and the Demand Curve: The price elasticity of demand for a good has different values at different points on the demand curve.