in oligopoly what is the nature of price elasticity
the major determinants of price elasticity of demand Use own your own help and VU handouts, and listen to VU lecture carefully
They use percentage change because of the nature of the unit being described. The elasticity of demand specifies how much percentage demanded changes in response to a 1% increase in price.
They use percentage change because of the nature of the unit being described. The elasticity of demand specifies how much percentage demanded changes in response to a 1% increase in price.
The elasticity of demand refers to how sensitive the demand for a good is to changes in other economic variables. The different types are: price elasticity, income elasticity, cross elasticity and advertisement elasticity.
in oligopoly what is the nature of price elasticity
Maybe the elasticity or selling price. Something of that nature.
the major determinants of price elasticity of demand Use own your own help and VU handouts, and listen to VU lecture carefully
They use percentage change because of the nature of the unit being described. The elasticity of demand specifies how much percentage demanded changes in response to a 1% increase in price.
They use percentage change because of the nature of the unit being described. The elasticity of demand specifies how much percentage demanded changes in response to a 1% increase in price.
price elasticity income elasticity cross elasticity promotional elasticity
The elasticity of demand refers to how sensitive the demand for a good is to changes in other economic variables. The different types are: price elasticity, income elasticity, cross elasticity and advertisement elasticity.
Depends on what type of good like perishable or non perishable, durable and non durable.
Gum has elasticity.
1)price elasticity of demand 2)income elasticity of demand 3)cross elasticity of demand
No, there is no elasticity in cotton at all
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