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Price Elasticity.....
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Price Elasticity.....

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dan1981

17,506 posts

205 months

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Wednesday 6th May 2009
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Can someone explain to me price elasticity - both of supply and of demand - its been a while since i've studied it!

V8mate

45,899 posts

195 months

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Wednesday 6th May 2009
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dan1981

17,506 posts

205 months

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Wednesday 6th May 2009
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It does. (help)

Jogged a few memory cells that one has.

V8mate

45,899 posts

195 months

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Wednesday 6th May 2009
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Essentially it's about how sensitive supply, demand and price are to each other.
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