Difference between revisions of "Elastic Demand"
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[[Inelastic Demand]] | [[Inelastic Demand]] | ||
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[[Category:Economics]] | [[Category:Economics]] | ||
Revision as of 15:07, May 17, 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.