ELASTICITY OF DEMAND ON THE TWO SIDES OF THE RECTANGULAR HYPERBOLA
DOI:
https://doi.org/10.37376/deb.v4i1.1483Abstract
While explaining elasticity of demand most of the modern books
on economics refer to the important relationships which exist among
elasticity, price changes and the total amount which the consumers
spend on a certain commodity. If a decrease in price raises the quan-
tity so much as to increase the total outlay of the consumers, then
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