PED
- Created by: Lottie
- Created on: 01-12-11 13:50
Fullscreen
Price Elasticity of Demand
- quantity demanded affected by changes in the price
- elasticity measures how much the demand will be affected by change in price
- Percent change in demand/ percent change in price
- REMEMBER with Display Picture= D/P
- Elasticities are negative but this is not always shown
Elastic…
Comments
Report