English, asked by jyotiii7549, 4 months ago

on all points of a rectangular hyperbola demand curves, elasticity of demand is?

Answers

Answered by jaatnitin624

Answer:

Rectangular hyperbola is a curve under which all rectangular areas are equal. When the elasticity of demand is equal to unity (ed = 1) at all points of demand curve, then the demand curve is rectangular hyperbola. It is a downward sloping curve as given in figure below

Answered by ramanareddymv1974

Answer:

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