bågelasticitet
Bågelasticitet, or arc elasticity, is a concept used in economics to measure the responsiveness of supply or demand to a change in price. Unlike point elasticity, which measures elasticity at a specific point on a curve, arc elasticity calculates elasticity over a range or segment of the curve. This is particularly useful when dealing with significant price changes where the elasticity might vary considerably.
To calculate arc elasticity, the midpoint formula is commonly employed. This formula averages the initial and
The benefit of using arc elasticity is that it provides a single, consistent measure of elasticity regardless