Difference between revisions of "Elastic Demand"
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(Do rubber bands have elastic demand?) |
(→a: hh. there's already a redir in place. rmv'd "move proposal") |
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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. | '''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 == | + | ==See Also== |
| − | + | *[[Inelastic Demand]] | |
| − | [[Inelastic Demand]] | + | *[[Price Elasticity of Demand]] |
| − | |||
| − | [[Price Elasticity of Demand]] | ||
[[Category:Economics]] | [[Category:Economics]] | ||
Revision as of 16:05, October 4, 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.