0
What else can I help you with?
Factors affecting income elasticity of demand?
The income factor affecting income elasticity of demand is weather or not goods are necessities of luxury.
Why is determining demand elasticity important in economics?
What are the determined factors of price elasticity of demand
How is the price elasticity of demand measured and what factors are considered in determining it?
The price elasticity of demand is measured by calculating the percentage change in quantity demanded in response to a percentage change in price. Factors considered in determining price elasticity of demand include the availability of substitutes, necessity of the good, and time period for adjustment.
What are the 3 types of elasticity?
1)price elasticity of demand 2)income elasticity of demand 3)cross elasticity of demand
Factors affecting cross elasticity of demand?
1.degree of necessity 2.peak and off-peak demand
What factors affect elastic of demand?
There are plenty of factors affecting elasticity of demand including climate of the area. Other factors that effect elasticity of demand include supply and group of people buying.
Factors affecting income elasticity of demand?
The income factor affecting income elasticity of demand is weather or not goods are necessities of luxury.
Why is determining demand elasticity important in economics?
What are the determined factors of price elasticity of demand
How is the price elasticity of demand measured and what factors are considered in determining it?
The price elasticity of demand is measured by calculating the percentage change in quantity demanded in response to a percentage change in price. Factors considered in determining price elasticity of demand include the availability of substitutes, necessity of the good, and time period for adjustment.
What are the 3 types of elasticity?
1)price elasticity of demand 2)income elasticity of demand 3)cross elasticity of demand
Factors affecting cross elasticity of demand?
1.degree of necessity 2.peak and off-peak 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.
Factors influencing the price elasticity of demand?
Very good answer here: http://tutor2u.net/economics/content/topics/elasticity/elastic.htm
Distinguish between price and income elasticity of demand?
distinguish between price elasticity of demand and income elasticity of demand
Factors affecting elasticity of demand for coke?
availability of substitutes is one of the major factor
Method for measurement of Elasticity of Demand?
there are three methods of measuring elasticity of demand
Would the concepts of cross elasticity of cross elasticity of demand and income elasticity of demand be of any interest to a pharmaceutical company?
I am at a loss for the answer please help me.
