Friday, July 27, 2012

Types /map of otal outlay method

price             Demand         Total cost        Elasticity of Demand
10                  10                     100
9                    20                     180
8                    30                     240
7                    40                     280            Elasticity of demand Greater than  unity, Eq > 1
6                    50                     300
5                    60                     300            Elasticity of demand Equal to unity, Eq = 1                                  
4                    70                     280                                                                                                               3                    80                     240            Elasticity of demand less than unity, Eq < 1
                                          

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