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The article is so jargon-laden that only a specialist would be able to understand it. Please provide a gentle introduction to this concept
{{rewrite|The article is so jargon-laden that only a specialist would be able to understand it. Please provide a gentle introduction to this concept.}}
Arc elasticity of demand calculates the elasticity by using the average overall values for price and quantities as the respective denominator in calculating the elasticities.
Arc elasticity of demand calculates the elasticity by using the average overall values for price and quantities as the respective denominator in calculating the elasticities.