Elasticity (economics)/Tutorials

From Citizendium
< Elasticity (economics)
Revision as of 15:34, 3 February 2008 by imported>Nick Gardner (transfer of maths to tutorials)
Jump to navigation Jump to search
This article is developing and not approved.
Main Article
Discussion
Related Articles  [?]
Bibliography  [?]
External Links  [?]
Citable Version  [?]
Tutorials [?]
 
Tutorials relating to the topic of Elasticity (economics).

Elasticity of Demand

The best-known application of the concept of elasticity is to the effect of a price change on the demand for a marketed product. The "price elasticity of demand" for a product is the proportionate decrease in demand for a product divided by the proportionate increase in its price.