Difference between revisions of "Elastic Demand"

Revision as of 20:50, April 2, 2008

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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 ==
-[[Inelastic Demand]]
-[[Price Elasticity of Demand]]
-[[Category:Economics]]