Economy, asked by chhanditabiswas, 6 months ago

why the price elasticity of a first order demand curve is different at different points of the demand function ?​

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Answered by Anonymous
9

Answer:

First, a good's elasticity is not necessarily constant; as explained below, it varies at different points along the demand curve, due to its percentage nature. Elasticity is not the same thing as the slope of the demand curve, which is dependent on the units used for both price and quantity.

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