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Byju's Answer
Standard XII
Biology
Exponential Growth
On the basis ...
Question
On the basis of graph given above answer next 5 questions.
At curve D
D
2
elasticity is __________.
A
E
d
>
1
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B
E
d
<
1
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C
E
d
=
1
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D
E
d
=
∞
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Solution
The correct option is
A
E
d
>
1
In the given curve x-axis shows quantity and y-axis shows price.
⇒
In given curve
D
D
2
, we can see its line where quantity of demand and price changes .
⇒
The price elasticity of demand is the percentage change in the quantity demanded of a good or service divided by the percentage change in the price.
⇒
At curve
D
D
2
a product or service's demanded quantity changes by a greater percentage than changes in price.
⇒
E
d
=
%
c
h
a
n
g
e
i
n
q
u
a
n
t
i
t
y
%
c
h
a
n
g
e
i
n
p
r
i
c
e
Here,
% Change in quantity
>
% Change in price.
∴
E
d
>
1
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