Ed is different at different points of demand curve unless demand curve is a rectangular hyperbola....
Ed is different at different points of demand curve unless demand curve is a rectangular hyperbola. Comment where the given statement is true or false.
I need explanation
Homework Answers
False,
Rectangular hyperbola is a curve in which area it covers for all rectangle will be the same.
so the elasticity of demand for any two point selected on the rectangular hyperbola will be equal to the one.h
The elasticity of demand will not be different but same.
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Ed is different at different points of demand curve
unless demand curve is a rectangular hyperbola....
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