Elasticity Demonstration
- Author:
- Mike May
- Topic:
- Calculus
This is a dynamic demonstration to illustrate the concept of elasticity.
View 1 show the demand price function with the revenue function.
View 2 moves in where revenue is an area determined by price and quantity.
View 3 changes the scale to look at both price and scale in units of the measurement at P0. Tne the demand price line has been converted to a line whose slope int eh reciprocal of elasticity.
It is used in conjunction with
Musiness Calculus with Excel
https://mathstat.slu.edu/~may/ExcelCalculus