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

Arup Kanti Konar

doi:10.17010/aijer/2015/v4i3/71380

Open Access Original Article

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

Arup Kanti Konar¹

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

DOI 10.17010/aijer/2015/v4i3/71380

Volume 4

Issue 3

Pages 49–56

Year 2015

Received: Jan. 20, 2015 Accepted: May 25, 2015 Published: June 1, 2015

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

How to Cite

Arup Kanti Konar (2015). Diagrammatic Extension of Konar's (2009) "Ray Measure of Point Price Elasticity of Demand". Arthshastra Indian Journal of Economics & Research, 4(3), 49–56. https://doi.org/10.17010/aijer/2015/v4i3/71380

References

Konar, A. K. (2009). The ray measure: An alternative derivation of Marshall's (1890) “elasticity of demand”. Journal of Quantitative Economics, 7(2), 73-79.
Marshall, A. (1927/1890). Principles of economics. London: Macmillan.

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Arthshastra Indian Journal of Economics & Research

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

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

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