Economy, asked by robotg6969, 5 months ago

what can be elasticity of a constant elasticity demand curve?​

Answers

Answered by alibhaalibha63
3

Answer:

The demand curve with constant unitary elasticity is concave because at high prices, a one percent decrease in price results in more than a one percent increase in quantity. As we move down the demand curve, price drops and the one percent decrease in price causes less than a one percent increase in quantity.

Answered by Jhanvijagetia
2

Answer:

The demand curve with constant unitary elasticity is concave because at high prices, a one percent decrease in price results in more than a one percent increase in quantity. As we move down the demand curve, price drops and the one percent decrease in price causes less than a one percent increase in quantity.

hope it helps you :)

Similar questions