CS 4.1 Elasticity_ChgP_ChgQ

CS 4.1 Elasticity_ChgP_ChgQ - of supply C For any given...

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CLASS SUPPLEMENT # 4.1 EFFECT OF ELASTICITY OF DEMAND AND SUPPLY ON CHANGES IN EQUILIBRIUM PRICE AND QUANTITY C For any given change in demand, c.p., the change in equilibrium price will be greater and the change in equilibrium quantity will be smaller the lower the elasticity
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Unformatted text preview: of supply C For any given change in supply, c.p., the change in equilibrium price will be greater and the change in equilibrium quantity will be smaller the lower the elasticity of demand. D:\ECON202\CS\CS 4.1 Elasticity_ChgP_ChgQ.wpd...
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