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File:Inelastic Demand.jpg

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Summary

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English: Geogebra was the tool that created the graph. Deriving the revenue function, R(Q), with respect to quantity, R'(Q), as opposed to price reveals the elasticity directly as a relationship, through a version of the total revenue test.
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Author Musical Inquisit

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11 July 2020

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Date/TimeThumbnailDimensionsUserComment
current14:39, 8 April 2021Thumbnail for version as of 14:39, 8 April 2021960 × 720 (38 KB)Musical InquisitClearer labelling and gradient used to show the elasticity decreasing.
22:46, 3 February 2021Thumbnail for version as of 22:46, 3 February 2021960 × 720 (41 KB)Musical InquisitReverted to version as of 01:44, 12 July 2020 (UTC)
18:23, 17 July 2020Thumbnail for version as of 18:23, 17 July 2020960 × 720 (39 KB)Musical InquisitSwitched the colors of inelastic and elastic in the graph (wrong color for respective inelastic/elastic locations); added a new color for unit elastic (yellow-ish), found between red and green as a "line."
01:44, 12 July 2020Thumbnail for version as of 01:44, 12 July 2020960 × 720 (41 KB)Musical InquisitA better description of the purpose of the upload, a demonstration of a linear demand curve and its changing elasticity according to the Total Revenue Test.
23:59, 11 July 2020Thumbnail for version as of 23:59, 11 July 2020960 × 720 (44 KB)Musical InquisitCross-wiki upload from en.wikibooks.org

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