- Mike May
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