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 one. Raising the price of an elastic good causes a large drop in demand. | |
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| + | == See Also == | ||
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| + | [[Inelastic Demand]] | ||
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| + | [[Price Elasticity of Demand]] | ||
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| + | [[Category:Economics]] | ||
Revision as of 20:52, April 2, 2008
Elastic Demand is high elasticity. The percent change in quantity over the percent change in price is a number greater than one. Raising the price of an elastic good causes a large drop in demand.