Wang She-jun
Abstract
Price elasticity of demand is an important conception in management economics, it is an important target to guide the behavior of market, it shows very important to understand the conception of price elasticity of demand and to grasp calculating method of elasticity, this paper discusses the conception and calculating method of price elasticity of demand.
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Price elasticity of demand is an important conception in management economics, it is an important target to guide the behavior of market, it shows very important to understand the conception of price elasticity of demand and to grasp calculating method of elasticity, this paper discusses the conception and calculating method of price elasticity of demand.
Key concepts: Price elasticity of demand, Elasticity (physics), Economics, Price elasticity of supply, GRASP, Wealth elasticity of demand, Microeconomics, Cross elasticity of demand