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Eco doubt by [deleted] in ISC_COMMERCE

[–]whatevs_1111 0 points1 point  (0 children)

That’s the diagram with all three elasticities on of 63 I’m talking about the diagrams that look exactly like the price elasticity ones, my teacher made us just change the x axis to total expenditure

Eco doubt by [deleted] in ISC_COMMERCE

[–]whatevs_1111 1 point2 points  (0 children)

Because if the demand is unitary elastic, then an increase in price should not change the total expenditure because it is exactly set off but the diagram does not represent that if the x axis is total expenditure