Math, asked by ridiprahang72, 2 months ago

The elasticity of demand for a
commodity is
-
1
at all levels of
price. Find the equation of demand
curve.

Answers

Answered by alanw5926

2

Step-by-step explanation:

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.

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