The totel
2 Griven
Consider the demand curre Ac of a good in Figure
distance AR and Bc as Xood y unite respectively,
what will be the price elastictly of demood for the good
at point Bo what will be the price elasticity of demand.
for the good at post A and point C?
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sorry above my level ......
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those values can be used to determine the price elasticity of demand:
demand:
Price electricity of demand = % charge in quantity/ % change in price
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