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Supply & Demand Curves
Supply & Demand Curves
AND
SUPPLY
AND
DEMAND CURVES
PERFECTLY INELASTIC
DEMAND CURVE
PERFECTLY ELASTIC
DEMAND CURVE
Elasticity and Demand and Supply Curves
in
E=
PRICE (PhP)
QUANTITY
ELASTICITY ALONG A DEMAND CURVE
Elasticity and Demand and Supply Curves
UNIT ELASTIC
- the percentage change in quantity equals
percentage change in price.
the
E=1
PRICE (PhP)
QUANTITY