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Management · Q449

Managerial Economics

Graduate and Post Graduate · Management · question 449

Q449

Arc elasticity gives a better measure of point elasticity of a curvilinear demand curve as

A.
The curvature of the demand curve over the arc becomes less
B.
The size of the arc becomes smaller
C.
Both of the above
Answer
D.
Neither of the above

Answer: Option C

Solution

Answer: Option C
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