Point method:
We can evaluate the price elasticity of demand at a point on linear demand curve. The formula to find out ep through point method is,
For illustration, in figure above, the length of the demand curve AB is 4 cm.
Accurately at the middle point of AB demand curve,A) ep at point e:
ep = EB/EA = 2/2 = 1 ∴ ep = 1 B) ep at point D = (middle point of EB part of demand curve)
ep = DB/DA = 1/3 = 0.3 ∴ ep < 1 C) ep at point c (middle point of EA part of demand curve)
ep = CB/CA = 3/1 = 3 ∴ ep > 1 D) ep at point B = 0/AB = 0
(i.e., o by anything is zero, a mathematical principle) ∴ ep = 0E) ep at point A = AB/0 = ∞
(That is, anything divided by zero becomes infinity a mathematical principle) ∴ ep = ∞
Latest technology based Economics Online Tutoring Assistance
Tutors, at the www.tutorsglobe.com, take pledge to provide full satisfaction and assurance in Theory of Demand help via online tutoring. Students are getting 100% satisfaction by online tutors across the globe. Here you can get homework help for Theory of Demand, project ideas and tutorials. We provide email based Theory of Demand help. You can join us to ask queries 24x7 with live, experienced and qualified online tutors specialized in Theory of Demand. Through Online Tutoring, you would be able to complete your homework or assignments at your home. Tutors at the TutorsGlobe are committed to provide the best quality online tutoring assistance for Economics Homework help and assignment help services. They use their experience, as they have solved thousands of Economics assignments, which may help you to solve your complex issues of Theory of Demand. TutorsGlobe assure for the best quality compliance to your homework. Compromise with quality is not in our dictionary. If we feel that we are not able to provide the homework help as per the deadline or given instruction by the student, we refund the money of the student without any delay.
adhesives tutorial all along with the key concepts of types of adhesives, natural adhesives, synthetic adhesives, production of adhesives, water-based adhesives, hot-melt adhesives, vegetable-based adhesives, solvent-based adhesives, reactive adhesives, sealants, uses of adhesives
tutorsglobe.com sources of accounting rules assignment help-homework help by online accounting for limited companies part ii tutors
tutorsglobe.com ozone layer depletion assignment help-homework help by online environmental science tutors
Synthesis and Reactions of Dibenzopyrilium Salts tutorial all along with the key concepts of Properties of Benzopyrilium Salts, Synthesis of Pyrilium Salts, Synthesis of Anthocyanidin and Cyanidin Chloride, Synthesis of Cyanidin Chloride
Hire skilled and professional Biology of Lower Animals Assignment Help tutors with 24/7 support and attain top grades at viable prices.
tutorsglobe.com amphibious hydrophytes assignment help-homework help by online hydrophytes tutors
tutorsglobe.com significance of mitosis assignment help-homework help by online mitotic cell cycle tutors
free electrical engineering lecture notes, study guide, assignment help guide, and experts notes, ebook, and study material.
tutorsglobe.com asp dot net assignment help-homework help by online computer programming tutors
Insulating materials are exists in dissimilar shapes and sizes. Insulating materials are presented like Tapes, rolls, sleeves, paper and cloth.
tutorsglobe.com proteins assignment help-homework help by online cell membrane tutors
Cash Flows from Operating Activities, is the net outflow or inflow from trading operations, after tax payments (or receipts) and cash paid to meet financing costs.
work, heat and heat capacity tutorial all along with the key concepts of types of process, isothermal process, adiabatic process, isochoric process, isobaric process, reversible and irreversible process
www.tutorsglobe.com offers Quality Function Deployment (QFD) homework help, assignment help, case study, writing homework help, online tutoring assistance by computer science tutors.
tutorsglobe.com association of kp and kc assignment help-homework help by online attainment of equilibrium in chemical reactions tutors
1964048
Questions Asked
3689
Tutors
1443482
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!