Difference between revisions of "Elastic Demand"
Jump to navigation
Jump to search
(New page: 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 lar...) |
|||
| Line 1: | Line 1: | ||
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. | 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. | ||
| + | |||
| + | [[Category:Economics]] | ||
Revision as of 15:33, April 4, 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.