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Results tagged with elasticity
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user 11354
Elasticity is the measurement of how responsive an economic variable is to a change in another.
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Intuition - Why does elasticity vary along a curve?
The blue expression, however, depends on the point at which the elasticity is calculated; even for a linear demand curve, it is not constant. … The closer the point $(P_0, Q_0)$ gets to the vertical axis, the larger the elasticity. …
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