The given diagram indicates a linear demand curve, State the elasticity of demand at point 'P' as shown in the diagram.
Answer & explanation
Correct answer: option 4
The correct answer is option (4) : ed>1
The given diagram indicates a linear demand curve, State the elasticity of demand at point 'P' as shown in the diagram.
Correct answer: option 4
The correct answer is option (4) : ed>1