Difference between ARC Elasticity and Point Elasticity
This article will help you to learn about the difference between ARC elasticity and point elasticity. Difference between ARC Elasticity and Point Elasticity Difference # ARC Elasticity: There are two measures of price elasticity of demand - arc elasticity and point elasticity. Arc elasticity concept is easy to grasp. Here, the elasticity is measured over an arc of the demand [...]