-Refer to Figure 2.4.The elasticity of demand at point a is given by

Name: -Refer to Figure 2.4.The elasticity of demand at point a is given by
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Elasticity of demand at a point is calculated using the formula: (Slope of the demand curve) * (P/Q). Here, the slope of line cd represents the slope of the demand curve, and it is multiplied by (P1/Q1) to find the elasticity at point a.