CUET Preparation Today
Which method offers elasticity of demand on different points of a straight line demand curve? |
total outlay method proportionate method geometric method percentage method |
geometric method |
The correct answer is option 3: geometric method The geometric method offers elasticity of demand at different points on a straight line demand curve by calculating the slope of the curve and the relative changes in quantity and price. This method allows for the determination of price elasticity of demand at specific points along the curve. |
