Economy, asked by pd447652, 3 months ago

What is the price elasticity of demand on the following Demand curves.3:On the mid-point of a straight line demand curves.​

Answers

Answered by dheerajy3434
1

Answer:

Elasticity is measured as the ratio of percentage change in quantity demanded to the percentage change in price i.e. Accordingly at the the mid-point of straight line demand curve, the elasticity will be equal to one.

Explanation:

Previous Question
Next Question
Similar questions
Math, 1 month ago
H.C.F of 56,78,28 and 14​...
Math, 1 month ago
a 4cm solid cube is cut out of a wooden block . the opposite phases are painted in red, blue,green colours. the cube is then cut into 1cm small cubes. 1.how many 1cm cubes are there 2. find number of cubes with only 1 Face painted 2 faces painted 3 faces painted 4 faces painted no faces painted​...
English, 1 month ago
Who was wanda 's friend in school ?​
English, 3 months ago
If he ___ (eat) all that, he will be ill.​
Computer Science, 3 months ago
Palindrome reads the same from left or right, mom for example. There is a palindrome which must be modified, if possible. Change exactly one character of the string to another character in the range ascii[a-z] so that the string meets the following three conditions: a. The new string is lower alphabetically than the initial string. b. The new string is the lowest value string alphabetically...
English, 9 months ago
*Please answer quickly*...
Social Sciences, 9 months ago
landforms are found over the_________​...
History, 9 months ago
Which of the following best explains a key reason for rapid economic development during the Gilded Age?