A perfectly elastic demand is represented on the traditional supply and demand graph with a straight horizontal line. An elastic demand that is not perfect would be represented as any line with a slope between 0 and -1.
Perfectly inelastic demand, perfectly elastic demand, elastic demand, inelastic demand etc.
A unitary elastic graph represents a price elasticity of demand of 1, indicating that a change in price leads to an equal percentage change in quantity demanded.
elastic
explain graphically the movement along the demand curve
Yes, the demand curve is elastic in this region.
show how the price elasticity of demand is graphically measured along a liner demand curve?
Firms in most cases opt to select prices in the elastic regions of their demand curve. This fact explains why marginal revenue curve is always below.
Perfectly inelastic demand, perfectly elastic demand, elastic demand, inelastic demand etc.
A unitary elastic graph represents a price elasticity of demand of 1, indicating that a change in price leads to an equal percentage change in quantity demanded.
The demand is elastic when the price is low. So people will buy more good so that it's demand will become more elastic. Moreover ,the demand is elastic when there are some new inventions.
Demand is unit elastic.
elastic
explain graphically the movement along the demand curve
difference between elastic and inelastic demand
Yes, the demand curve is elastic in this region.
Perfectly elastic demand. Relative elastic demand. Unit elasticity of demand. Relative inelastic demand. Perfectly inelastic demand.
there are five types.1).perfect elastic demand,2)perfect inelastic demand,3).relatively elastic demand,4).relatively inelastic demand4).unity elastic demand