Difference between revisions of "Elastic Demand"
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(Do rubber bands have elastic demand?) |
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| − | '''Elastic | + | {{move|Elastic 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 == | ||
Revision as of 00:13, April 25, 2008
- It has been proposed that this page, :Elastic Demand, be titled, "Elastic 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.