Question
The question askes me to talk about the own elasticity of banana demand . I have 2 thoughts: the first perspective is to draw a
The question askes me to talk about the own elasticity of banana demand .
I have 2 thoughts: the first perspective is to draw a downward-sloping demand and discussion about the three parts( inelastic parts elastic parts and unit elastic)
The second one is to draw two downward-sloping demand curves . one is inelastic while the other one is elastic. Please see the attatched picture
Which though is correct? thank you
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International Economics Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz
9th Edition
978-0132146654, 0132146657, 9780273754091, 978-0273754206
