Economy, asked by mohitkumar94179, 1 year ago

what is arc method in elasticity of demand

Answers

Answered by shreyadas01

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.

mohitkumar94179: in diagram of arc method in elasticity of demand in which only one curve

shreyadas01: opss sorry i didn't know this...

shreyadas01: *don't

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