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...) |
DavidB4-bot (talk | contribs) (→See also: clean up & uniformity) |
||
| (12 intermediate revisions by 10 users not shown) | |||
| Line 1: | Line 1: | ||
| − | Elastic | + | '''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 also== | ||
| + | *[[Inelastic Demand]] | ||
| + | *[[Price Elasticity of Demand]] | ||
| + | |||
| + | [[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.