MB0042 Economics
Is LM Model Class Lecture
Unit 1 Jan 10
Jan 10
Income elasticity of Demand Managerial Economics
Demand analysis
Elasticity! Boingy, boingy, boingy! Price, Income and Cross Elasticity.
1. What is the definition of elasticity? 2. What is the meaning and importance of: price elasticity of demand? income elasticity of demand? price elasticity.
2 of 55 © 2013 Pearson Education, Inc. Publishing as Prentice Hall Chapter Outline and Learning Objectives 6.1The Price Elasticity of Demand and Its Measurement.
The responsiveness of one variable to changes in another When price rises, what happens to demand? Demand falls BUT! How much does demand fall?
Presentation On ELASTICITY OF DEMAND. Prepared By Vyas Harshal.
