Answer to Question #100392 in Microeconomics for Sabaibrar

Question #100392
Why there is contidiction between point elasticity and arc elasticity?
1
Expert's answer
2019-12-13T10:24:21-0500

The arc elasticity is measured over an arc of the demand curve. In contrast to the concept of arc elasticity, point elasticity refers to measuring elasticity of demand at a particular point on the demand curve.


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