formula for the arc elasticity of demand
"Explain strategic MIS categories in detail. Give illustration for each catgory?"
Illustration means a drawing or painting that goes along with the story, usually to explain the story.
It could mean quite a few things. There is Income Elasticity of Demand, Price Elasticity of Demand. etc. Price Elasticity of Demand is the most popular, and is what people generally are referring to when they make incomplete statements like this. Price elasticity of demand, according to my understanding is the percentage change in demand due to a percentage change in price (or the prefix to the "elasticity of demand" statement). Caution must be taken however in determining this percentage change as the base value in the computation may, and usually is the average price of the good prior to the change, and not just the last price before the change. Ask your examiner what the requirements are, before you answer the question.
I'm unable to see the illustration you mentioned, but if you describe it, I can help explain the process occurring in it.
captions explain information in a photograph illustration, or chart
State and explain problems in measurement and evaluation
WOULD YOU LIKE TO EXPLAIN WHAT IS LARGE CROP YIELDS
map
Illustration , diagram , schematic ,
explain why the price elasticity of demand varies along a demand curve, even if the demand curve is linear.
with example explain the concept of of elasticity of supply and interpretating the result graphical and descuse the relationship between price elasticity and suppliers total revenue
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