what is arc method in elasticity of demand
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Arc elasticity of demand measures elasticity between two points on a curve – using a mid-point between the two curves.
On most curves, the elasticity of a curve varies depending on where you are. Therefore elasticity needs to measure a certain sector of the curve.
On most curves, the elasticity of a curve varies depending on where you are. Therefore elasticity needs to measure a certain sector of the curve.
mohitkumar94179:
in diagram of arc method in elasticity of demand in which only one curve
opss sorry i didn't know this...
*don't
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