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All main topics / Economics / Marketing / MARK 3000 Exam 3
[Step 2 continued] Demand
What is Demand?  How do you measure Elasticity of Demand?  Demand is price elastic if...
the quantity of a product that will be sold in the market at various prices for a certain period

EoD= % change in Qd/ % change in Price

Demand is price elastic if you dec Price and Demand increases more.
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Flashcard info:
Author: savhighsmith
Main topic: Economics
Topic: Marketing
School / Univ.: UGA
City: Athens
Published: 17.11.2010




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