Nisha sharma Asked a Question
July 29, 2021 6:09 pmpts 30 pts
mam please xplain straight line demand curve, convex denand curve & arc method
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  • Rucha rajesh shingvekar
    Arc elasticity measures elasticity at the midpoint between two selected points on the demand curve by using a midpoint between the two points. The arc elasticity of demand can be c...
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  • Rucha rajesh shingvekar thankyou
    Due to differences in income and taste, you can be confident that the intercept of different buyers' demand curves will not be the same. The wider is the range of the intercepts of...
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  • Rucha rajesh shingvekar
    Straight line (linear) demand curve If the demand curve is linear (straight line), it has a unitary elasticity at the midpoint. The total revenue is maximum at this point. Any poi...
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    • linear-demand-curve.jpg
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