In the Linear Demand Curve AB, the elasticity of demand $(e_D)$ at point D can be measured geometrically by the formula.
Answer & explanation
Correct answer: option 1
The correct answer is option (1) : $e_D=\frac{DA}{DB}$
In the Linear Demand Curve AB, the elasticity of demand $(e_D)$ at point D can be measured geometrically by the formula.
Correct answer: option 1
The correct answer is option (1) : $e_D=\frac{DA}{DB}$