Difference between revisions of "Elastic Demand"

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Elastic Demand is high [[elasticity]]. The percent change in quantity over the percent change in price is a number greater than than one. Raising the price of and elastic good causes a large drop in demand.
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[[Category:Economics]]

Revision as of 23:49, April 30, 2007

Elastic Demand is high elasticity. The percent change in quantity over the percent change in price is a number greater than than one. Raising the price of and elastic good causes a large drop in demand.

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