Material Detail
Price Elasticity of Demand
The concept of price elasticity of demand was introduced in class. Elastic and inelastic goods were discussed. The impact that a change in price will have on total revenue was also presented.
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More about this material
- Material Type:
- Drill and Practice
- Date Added to MERLOT:
- January 2, 2023
- Date Modified in MERLOT:
- November 14, 2023
- Author:
- Linda Wilson, The University of Texas at Arlington
- Submitter:
-
Cathy Swift
- Primary Audience:
- College General Ed, College Lower Division
- Technical Format:
- Website
- Mobile Compatibility:
- Not specified at this time
- Language:
- English
- Cost Involved:
- No
- Source Code Available:
- Unknown
- Creative Commons:
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This work is licensed under a Attribution-NonCommercial-ShareAlike 4.0 International
