Chp 5
Elasticity & forecasting
Copyright © 2004 South-Western 5 Elasticity and Its Applications.
Kinh tế vi mô - Elasticity
Elasticity and Its Application
© 2007 Thomson South-Western. Elasticity... … allows us to analyze supply and demand with greater precision. … is a measure of how much buyers and sellers.
ELASTICITY How quantity demanded or supplied changes with changes in price.
Today’s LEQ: How do you measure a consumer’s responsiveness to a change in price?
Drill: Oct. 3, 2013 Why do people complain about gasoline prices going up but continue to fill up their tank? Do you think there is a price increase at.
1 Further Topics in Supply and Demand Chapters 5 & 7.
