Economy, asked by Anonymous, 1 month ago

what is the price elasticity of demand, if the demand curve is a straight line?

Answers

Answered by ashley15918

4

Answer:

Elasticity along a straight line demand curve varies from zero at the quantity axis to infinity at the price axis. Below the midpoint of a straight line demand curve, elasticity is less than one and the firm wants to raise price to increase total revenue.

Explanation:

Hope it will help you

❤Itz Ashu❤

Answered by Anonymous

2

Answer:

Elasticity along a straight line demand curve varies from zero at the quantity axis to infinity at the price axis. Below the midpoint of a straight line demand curve, elasticity is less than one and the firm wants to raise price to increase total revenue.

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