show how the price elasticity of demand is graphically measured along a linear demand curve
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The price elasticity of demand varies between different pairs of points along a linear demand curve. The lower the price and the greater the quantity demanded, the lower the absolute value of the price elasticity of demand. Figure 5.2 shows the same demand curve we saw in Figure 5.1.
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what happens of the price elasticity of demand when we travel along the demand curve ?
the answer depends on the nature of the demand curve itself. on the linear demand curve such as figure elasticity become smaller travel downward and to the right.
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