Please explain this question

A straight line demand curve will have a different elasticity at each point on it. If the demand curve is linear (straight line), it has a unitary elasticity at the midpoint. Any point above the midpoint has elasticity greater than 1, (Ed > 1). Below the midpoint elasticity is less than 1. (Ed < 1).

Sudha Reddy

CA Final

★ 20K+

01-Mar-21 09:39

mam i have confusion in point elaticity and arc elasticity , can u elaborate it please

Thread Starter

nisam M

CA Final

★ 23K+

04-Mar-21 14:02

Arc elasticity of demand (arc PED) is the value of PED(Price elasticity of demand) over a range of prices, Point elasticity is the (PED) price elasticity of demand at a specific point on the demand curve instead of over a range of it.

ruchi lahoti

CA Inter

★ 27K+

05-Mar-21 10:15