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.
www.tutorsglobe.com offers cardinality and modality homework help, assignment help, case study, writing homework help, online tutoring assistance by computer science tutors.
tutorsglobe.com phosphorus trichloride assignment help-homework help by online compounds of phosphorus tutors
tutorsglobe.com indifference set and curve assignment help-homework help by online choices and preferences of consumer tutors
basics of monopoly and key concepts of monopoly, monopsony, inframarginal units, contribution margin, cartel, horizontal integration and vertical integration, get tutors answer for managerial economics questions.
tutorsglobe.com characteristics of streptococcus pyogenes assignment help-homework help by online streptococcus pyogenes tutors
Cellular Response tutorial all along with the key concepts of Properties of Innate Immune Response, Properties of Adaptive Immune Response, Kinds of Adaptive Immune Response, Active and Passive Immunity, Genetics of response to antigenic stimulation, Clonal Selection Theory
tutorsglobe.com ageing and health assignment help-homework help by online humanities tutors
blender and grinder - generally each mixie is related with 3 kinds of jar of different capacity: big jar, medium jar, small jar (chutney jar).
www.tutorsglobe.com offers benzene & derivatives electrophilic substitution homework help, electrophilic substitution assignment help, online tutoring assistance, organic chemistry solutions by online qualified tutor's help.
tutorsglobe.com equation of exchange assignment help-homework help by online monetary policy tutors
Theory and lecture notes of Reduction of Higher Order Equations to Systems all along with the key concepts of differential equations, motion of a pendulum, universal higher order equation. Tutorsglobe offers homework help, assignment help and tutor’s assistance on Reduction of Higher Order Equations to Systems.
The term costing report is usually employed for the factual communication through a lower level to a higher level of authority. So orders are communicated when results are reported.
tutorsglobe.com bottleneck inflation assignment help-homework help by online inflation and deflation tutors
www.tutorsglobe.com offers Object Oriented Architectures homework help, assignment help, case study, writing homework help, online tutoring assistance by computer science tutors.
Hardey-Weinberg Principle tutorial all along with the key concepts of Modern theories of Evolution, Illustrations of the Hardy-Weinberg Principle, Derivation of the Hardy-Weinberg Principle, Implications of the Hardy-Weinberg Law
1931255
Questions Asked
3689
Tutors
1493616
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!