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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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