Chapter 3 - Chapter 3 Elasticity Elasticity of Demand:...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 3 Elasticity Elasticity of Demand: E=%ΔQ/%ΔP This will always be a negative number. Typically, we take the absolute value of this number. The higher the absolute value of the number, the more elastic the demand curve
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 2

Chapter 3 - Chapter 3 Elasticity Elasticity of Demand:...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online