Arc Elasticity Of Demand and Geometric Method:

Arc Elasticity Of Demand :

                                                 This method is used to measure elasticity of demand at any point of given demand curve. When elasticity of demand is measured for high change in price it is called arc elasticity of demand.

Geometric Method: 

This method enables us to measure elasticity of demand at any point on the demand curve.

XI Economic Topics

Define Demand

Define a term law of Demand?