Distinguish between elasticity and slope

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asked Dec 24, 2022 71.9k views

1 Answer

CharlesW · Answer 1 · 2022-12-30T22:24:02+0000

Answer:

Elasticity is the ratio of the percentage changes. The slope of a demand curve, for example, is the ratio of the change in price to the change in quantity between two points on the curve.

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Distinguish between elasticity and slope

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Distinguish between elasticity and slope