Economy, asked by treasamaria30, 8 months ago

Write formula for measuring price elasticity of demand at a point on a straight line demand curve.

Answers

Answered by anandsoni11as57

5

total outlay=price*quantity demanded

Ed=1-deltaExp/Xdeltap

deltaExp=change in expenditure

X=initial demand

Ed=elasticity demand

delta p= change in price

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