stephenchow
Member
Not sure if this is the right place but anyway?
This is for Microeconomics and if we are talking about elasticity of a demand curve (the curve would be something like a y=x), and do we have to prove that the midpoint of the linear curve has elasticity of one and the above the midpt has elasticity >1, and below has elasticity <1 or is it treated as common knowledge each time?
This is for Microeconomics and if we are talking about elasticity of a demand curve (the curve would be something like a y=x), and do we have to prove that the midpoint of the linear curve has elasticity of one and the above the midpt has elasticity >1, and below has elasticity <1 or is it treated as common knowledge each time?