00:01
Hello students we need to write here what section of a straight line demand is elastic we need to write here when a we can write here when a small change a small change if i write for this in price causes a large change in price causes a large a large change in change in if i write here for this in demand in demand in demand and so demand is said to be, in this case demand is said to be elastic.
00:44
Now in the next line what we need to write here, all the positions above the positions above the curves, midpoint, if i write here, midpoint reflect.
01:09
Reflect, we can write here, reflect, let's erase this, reflect, elastic demand on a straight line, elastic demand on a straight, we can write here, straight line, demand curve, demand, curve.
01:40
So basically if i write here for this, what section of a straight line demand is elastic? so at all points below, below curves midpoint.
01:50
So we can write here, hence, all points above curves midpoint...