Can you differentiate between elasticity of demand and point elasticity of demand?

It is from chapter 'Elasticity of demand and supply' from B.Com.

54 Views|Posted 2016-03-15 21:12:01

Asked by Tejal Saxena

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Answered by

Rupa Gupta | Contributor-Level 6

2016-03-22 14:11:32

Hi Tejal, When calculating elasticity of demand there are two possible ways. Point elasticity of demand takes the elasticity of demand at a particular point on a curve (or between two points) Arc elasticity measures elasticity at the mid point between the two selected points: Formula for point e