Economy, asked by rejireji214, 7 hours ago

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

Answers

Answered by RaniyaRasheed

0

Explanation:

Well the slope of a straight line demand curve is constant. The slope is part of the eleasticity (E) formula. But this does not make the elasticity constant. In fact the absolute value of E is higher than one (E>1) on the upper portion of the demand curve. In the middle of the curve the absolute E value is equal to one (E=1); and after that the absolute E value gets smaller and smaller (E<1)

Previous Question

Next Question

Similar questions

English, 4 hours ago

Q1. Complete the summary of the story: (a) ______________ years ago, the author was living in Paris, when he met a lady, who was an admirer of his (b)______________. She wrote to him and expressed her desire to have a little (c)_______________ with him at the (d)___________ , a high class (e)_____________. He couldn’t refuse her. Estimating the (f)____________ of a luncheon, which should not...

English, 4 hours ago

write a story on direct and indirect speech please answer this question anyone ...

Computer Science, 4 hours ago

t to print 1, which express.737 should I use from the Consider value of num1 = 20 s...

Math, 7 hours ago

one side of a rectangular garden is 48 m and its diagonal is 50 m long. Find the area and perimeter of the garden...

Physics, 7 hours ago

please give me answer fast...

History, 8 months ago

The developments in the fields of agriculture, pottery and metal tools are considered a landmark in the life of Megalithic period-Substantiate.

Math, 8 months ago

Find the square root of the following numbers using ones and tens method. (a) 1521 (b) 1764 (c) 13225 (d) 12100 Find the dimension of a square whose area is 2025 sq. m ...

India Languages, 8 months ago

kya hindi diwas har school mein manaya jata hai ? Tell the answer in hindi...