Interpreting economic data: estimating the elasticity of demand
The concept of elasticity of demand is one of the most important in economics. At its most general level the elasticity of demand measures the percentage response in demand to a given percentage change in some other variable of interest. For example, we are often interested in the response of demand...
Saved in:
| Main Author: | |
|---|---|
| Format: | Default Article |
| Published: |
2002
|
| Subjects: | |
| Online Access: | https://hdl.handle.net/2134/590 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|