Arthshastra Indian Journal of Economics & Research

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Diagrammatic Extension of Konar's (2009) "Ray Measure of Point Price Elasticity of Demand"


Affiliations
1 Associate Professor of Economics, Department of Economics, Barjora College, Burdwan University, Barjora, Bankura -722 202, West Bengal, India

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The paper aimed to offer the diagrammatic extension of Konar's (2009) ray measure of point price elasticity of demand. "Ray" refers to the straight line drawn from the origin to a point on the rehashed demand curve. The ray measure indicates that the "absolute point price elasticity of demand" is equal to "the slope of the ray".

Keywords

Rehash, Curvature, Normal, Supernormal

D10, D11,D19

Paper Submission Date : January 20, 2015 ; Paper sent back for Revision : April 10, 2015 ; Paper Acceptance Date : May 25, 2015.

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  • Diagrammatic Extension of Konar's (2009) "Ray Measure of Point Price Elasticity of Demand"

Abstract Views: 222  |  PDF Views: 0

Authors

Arup Kanti Konar
Associate Professor of Economics, Department of Economics, Barjora College, Burdwan University, Barjora, Bankura -722 202, West Bengal, India

Abstract


The paper aimed to offer the diagrammatic extension of Konar's (2009) ray measure of point price elasticity of demand. "Ray" refers to the straight line drawn from the origin to a point on the rehashed demand curve. The ray measure indicates that the "absolute point price elasticity of demand" is equal to "the slope of the ray".

Keywords


Rehash, Curvature, Normal, Supernormal

D10, D11,D19

Paper Submission Date : January 20, 2015 ; Paper sent back for Revision : April 10, 2015 ; Paper Acceptance Date : May 25, 2015.




DOI: https://doi.org/10.17010/aijer%2F2015%2Fv4i3%2F71380