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Assume That That the Two Graphs Below Are Identical Demand

question 52

Essay

Assume that that the two graphs below are identical demand curves for hamburger. The only difference is that the one on the left measures hamburger in pounds and the one on the right measures hamburger in ounces. The elasticity of demand between the prices of $3 and $2 should be the same in both cases. However, prove that calculating the slopes between these two points on each graph would not be helpful in determining elasticity of demand. Assume that that the two graphs below are identical demand curves for hamburger. The only difference is that the one on the left measures hamburger in pounds and the one on the right measures hamburger in ounces. The elasticity of demand between the prices of $3 and $2 should be the same in both cases. However, prove that calculating the slopes between these two points on each graph would not be helpful in determining elasticity of demand.


Definitions:

Field Diameter

The overall size of the area visible through a microscope or telescope at a particular magnification.

Low-Powered Objective

An objective lens on a microscope with a relatively low magnification power, used for initial scanning and location of specimen details.

Scanning Objective

A low-power objective lens on a microscope used to scan the whole slide to find the specimen before using higher magnification.

Field Diameter

The visible area observed through the lens of a microscope or other viewing instrument.

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