Elasticity! Boingy, boingy, boingy! Price, Income and Cross Elasticity.
The responsiveness of one variable to changes in another When price rises, what happens to demand? Demand falls BUT! How much does demand fall?
Current State of U.S. Ethanol Bruce Babcock Iowa State University.
BACHELOR OF ARTS IN ECONOMICSEcon 111 – ECONOMIC ANALYSIS Pangasinan State University Social Science Department – PSU Lingayen CHAPTER 6 ELASTICITY ANALYSIS.
Quick Quiz 27 th Sept 2011 1.Define demand (1 mark) 2.Illustrate the impact on demand when there is a rise in price (4 marks) 3.Explain 2 factors that.
