To calculate the point elasticity of demand a manager must k

To calculate the point elasticity of demand, a manager must know

A. information about the entire demand curve.

B. where the supply curve intersects the demand curve.

C. two points on the demand curve.

D. whether or not the demand curve is linear.

Solution

A. information about the entire demand curve.

He must know the equaltion of the curve.

YOu can find out the point elastic demand taking the derivative of the curve at the point. It will give you the point elasticity of the demand.