Difference between revisions of "Elastic Demand"
Jump to navigation
Jump to search
(Do rubber bands have elastic demand?) |
DavidB4-bot (talk | contribs) (→See also: clean up & uniformity) |
||
| (One intermediate revision by one other user not shown) | |||
| 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 one. Raising the price of an 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 one. Raising the price of an elastic good causes a large drop in demand. | ||
| − | == See | + | ==See also== |
| − | + | *[[Inelastic Demand]] | |
| − | [[Inelastic Demand]] | + | *[[Price Elasticity of Demand]] |
| − | |||
| − | [[Price Elasticity of Demand]] | ||
[[Category:Economics]] | [[Category:Economics]] | ||
Latest revision as of 11:56, July 13, 2016
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.