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March 3, 2015

March 3, 2015

Posted by **John** on Saturday, August 23, 2008 at 11:21am.

Thank you

- Managerial Economics -
**drwls**, Saturday, August 23, 2008 at 11:42amBegin by defining elasticity in mathematical terms of some derivative. Then recognize that what you call "1n" is probably the natural log "ln".

The definition of price elasticity of demand is -d(lnQ)/d(lnP). Q represents demand

You have not defined M, Px and Py. I'm afraid that's as far as I can go with your question.

- Managerial Economics -
**Angel**, Saturday, August 23, 2008 at 11:47amI would like to make a arc elasticity chart. We have a team project and would like to add in a arc elasticity demand to the paper.

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