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the major determinants of price elasticity of demand Use own your own help and VU handouts, and listen to VU lecture carefully
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∙ 13y ago
Wiki User
∙ 12y agoNature of comodity
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What is determinants of price elasticity of demand?
The rate of change of price and the rate of change of demand as a function of price.
What are the determinants of income elasticity of demand?
write a note on determinates of income elasticity of demand
List and explain the four determinants of the price elasticity of demand?
Bonda bajji ladu gobimanchuri samosa
Distinguish between price and income elasticity of demand?
distinguish between price elasticity of demand and income elasticity of demand
Describe three determinants of demand elasticity?
These three determinants are listed here: nature of commodity -the more perishable a good,lower will its elasticity of demand,middle income groups have highly elastic demand ,goods having alternative uses have elastic demand,for eg.milk
What is determinants of price elasticity of demand?
The rate of change of price and the rate of change of demand as a function of price.
What are the determinants of income elasticity of demand?
write a note on determinates of income elasticity of demand
List and explain the four determinants of the price elasticity of demand?
Bonda bajji ladu gobimanchuri samosa
Distinguish between price and income elasticity of demand?
distinguish between price elasticity of demand and income elasticity of demand
Describe three determinants of demand elasticity?
These three determinants are listed here: nature of commodity -the more perishable a good,lower will its elasticity of demand,middle income groups have highly elastic demand ,goods having alternative uses have elastic demand,for eg.milk
What are determinants of a demand?
price of the good
What are the non-price determinants of Demand?
Income, Substitutes, complementary goods, tastes and preferences are some of the non-price determinants of demand.
What are the 3 types of elasticity?
1)price elasticity of demand 2)income elasticity of demand 3)cross elasticity of demand
If the elasticity of demand is equal to one then the demand is?
Unitary elasticity is when the price elasticity of demand is exactly equal to one.
Determinants of own price elasticity of demand?
1. Number of Substitute Products - the greater the number of substitute products, the greater is its own price elasticity of demand. 2. Price of Product Relative to consumers income - the greater the price of product relative to consumers income the greater is it Price Elasticity. 3. Nature of Goods - whether it is luxury good or necessity goods. 4. Passage of Time - the longer the time lapsed the greater Price Elasticity. Hope this answer helps... :)
What is cross price elasticity demand?
Cross price elasticity of demand measures the responsivenss of demand for a product to a change in the price of another good.
Cross elasticity of demand?
In economics , the cross elasticity of demand and cross price elasticity of demand measures the responsiveness of the quantity demand of a good to a change in the price of another good.
