Elasticity in Demand

Precious Jasmin

Subdecks (2)

Income Elasticity of Demand (Y.E.D)
MICROECONOMICS > PRICE ELASTICITY > Elasticity in Demand
12 cards
Price elasticity of demand (P.E.D)
MICROECONOMICS > PRICE ELASTICITY > Elasticity in Demand
27 cards

Cards (41)

Elasticity in demand 
Rate at which qty dd changes due to changes in any other factor affecting demand.
Elasticity of demand equation 
= Percentage change in qty dd
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Percentage change in any other factor affecting demand