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Assume That That the Two Graphs Below Are Identical Demand

Question 12

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Assume that that the two graphs below are identical demand curves for hamburger. The only difference is that the one on the left measures hamburger in pounds and the one on the right measures hamburger in ounces. The elasticity of demand between the prices of $3 and $2 should be the same in both cases. However, prove that calculating the slopes between these two points on each graph would not be helpful in determining elasticity of demand. Assume that that the two graphs below are identical demand curves for hamburger. The only difference is that the one on the left measures hamburger in pounds and the one on the right measures hamburger in ounces. The elasticity of demand between the prices of $3 and $2 should be the same in both cases. However, prove that calculating the slopes between these two points on each graph would not be helpful in determining elasticity of demand.

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Slope is calculated by taking ...

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