Economy, asked by ngulliojohn, 8 months ago

when the price elasticity is measured at a point on a straight line demand curve is?

Answers

Answered by 11monish11

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:

Answered by ak7976518

Answer:

elasticity along a straight line demand curve various from zero at the gmquantity axis infinity at the price axis.below the mi d point of a straight line.

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