Professional Documents
Culture Documents
%
= %
Perfect inelasticity
Price Quantity
Price
R1,00 100
R20,00 100
Quantity
R100,00 100
Perfect Elasticity=
5
4 C 5.50 9 -1 1
3 E
2 F D 4.50 11
1
0 E 2 16 -0.18 0.18
0 5 10 15 20
F 1 18
Quantity
55
49.5
44
38.5
Total Revenue
33
27.5
22
16.5
11
5.5
0
0 5 10 15 20
Quantity
Cross elasticity of demand