Question

Arrange the following of elasticities of demand in increasing order as per geometric method.
A. Mid-Point of the demand curve
B. Intercept on Y-axis
C. Between Mid-Point and intercept on X-axis
D. Between Mid-Point and intercept on Y-axis
E. Intercept on X-axis
Choose the correct answer from the options given below:

• A. A, B, C, D, E
• B. D, B, A, E, C
• C. B, D, A, C, E
• D. E, C, A, D, B

Answer 1

The Correct Option is D

The Correct Option is (D): E, C, A, D, B