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3 Point to 17 20 demand in each case between the points as indicated on Consider the following graph and calculate the elasti

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Answer #1

Solution-

Elasticity between two points can be found out by the formula

Ed= ΔΩ/ΔΡ.(PI + P2/01 +02)

Total revenue = p×q

so P=Total REVENUE/ QUANTITY

quen on the yaxis Total Revenue us T.R=PxQ So, Price=TR @ Ed (AB) = PA, 130000 65. 2000- = 65. PB 15oooo 2500 = 60. KOP= PB-P

Similarly you can find the values of other parts as well.

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