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

Authors

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

DOI:

https://doi.org/10.17010/aijer/2015/v4i3/71380

Keywords:

Rehash

, Curvature, Normal, Supernormal

D10

, D11, D19

Paper Submission Date

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

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Published

2015-06-01

How to Cite

Konar, A. K. (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

Issue

Volume 4, Issue 3, May-June 2015

Section

Microeconomics
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Europe PMC

References

Konar, A. K. (2009). The ray measure: An alternative derivation of Marshall's (1890) “elasticity of demandâ€. Journal of Quantitative Economics, 7(2), 73-79.

Marshall, A. (1927/1890). Principles of economics. London: Macmillan.