Get Free Access for 10 Days!
Activity

Price Elasticity of Demand

Curated by ACT

This site provides a great definition of "price elasticity of demand," along with formulas and examples. It also shows a perfectly elastic demand curve and a perfectly inelastic demand curve.

3 Views 0 Downloads
Concepts
elasticity, price elasticity
Show More Show Less
Additional Tags
elasticity of demand, perfectly elastic demand, perfectly inelastic demand, unit elasticity, definition / general information
Show More Show Less
Classroom Considerations
  • Knovation Readability Score: 5 (1 low difficulty, 5 high difficulty)
  • This resource is only available on an unencrypted HTTP website.It should be fine for general use, but don’t use it to share any personally identifiable information