Physics, asked by Surose3839, 1 year ago

Why isn't elasticity just measured by the slope of the demand curve?

Answers

Answered by shubham9155

Answer:

? the percentage change in quantity demanded of one good divided by the percentage change in the price of another good. ... If the income elasticity of demand is greater than 1, then the good is a luxury.

Previous Question

Next Question

Similar questions

Geography, 6 months ago

Why does the international date lines goes zig Zac at some places... Quality answer needed....☑️ Don't spam ❌...

Science, 6 months ago

what is specific gravity?

Math, 6 months ago

Exercise-12.1 Find the compound interest on 7 800 for 2 years at 5% per annum, compounded annually.

Physics, 1 year ago

Why electric field lines perpendicular at the point on an equipotential surface of a conductor?

Math, 1 year ago

2,9,28,65,126,217, what next...

Math, 1 year ago

By selling 45 m of cloth, a wholesale dealer gains the cost of 15 meter of cloyh. Find his gain percentage...

Math, 1 year ago

if 2y-1=17,then y is equal to...

Math, 1 year ago

a raise to power 3 raise to power (3) raise to power 3 is equal to what (a) a raise to power 3 (b) None of these (c) a raise to power 81 (d) a raise to power 27 PLS solve and give the right answer.