Roughwork for IB Diploma students
Economics · Elasticity along a straight lineSign in
₹10₹20₹30₹4050100150200pricerepairs a weekDemand for repairs₹3050PED at ₹30 = −3
Straight line: every ₹1 off the price brings 5 more repairs
2.5 · Price elasticity of demand (PED)

Elasticity along a straight line

Prof. Inkwell