Question

Point elasticity was propounded by​

Answer 1

Answer:

To calculate elasticity of demand exactly, we should use the Point Elasticity of Demand (PED) formula: ... The absolute value of the derivative (dQ/dP) of quantity demanded (Q) with respect to Price (P) = 100 which, as already established, is the slope of the demand function (m).

Explanation:

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Answer 2

Explanation:

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