price elascity of demand on a linear demand curve at the x axis is
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Price Elasticity - Economics - Fundamental Economics Price elasticity is calculated by "run over rise," or the change in quantity (on the x-axis) divided by the change in price (on the y-axis). Generally, a curve is elastic if it is flat and more inelastic if it is more verticle.
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Price elasticity is calculated by "run over rise," or the change in quantity (on the x-axis) divided by the change in price (on the y-axis). Generally, a curve is elastic if it is flat and more inelastic if it is more vertical.
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