How can we identify that something is elastic or inelastic, Microeconomics

Assignment Help:

How can we identify that something is elastic or inelastic? 

When demand of any commodity does not change with the change in price of that commodity that item is said by inelastic. When demand of any commodity alters with the change in price of that commodity that item is said by elastic. 

 


Related Discussions:- How can we identify that something is elastic or inelastic

Industrial & labour relations essay, I need to write an essay about industr...

I need to write an essay about industrial and labour relations ( at most 5 pages ) Deadline is in a month. I would like to know if your tutor can do that and how much it costs.

Breadtalk fixed and variable costs in singapore.., I wanted to the fixed an...

I wanted to the fixed and variable costs of breadtalk in singapore from economic perspective

Price elasticity of demand, Problem: (a) Given TR = P×Q, Show that...

Problem: (a) Given TR = P×Q, Show that  Note: TR is total revenue, P refers to price, Q refers to quantity demanded, MR denotes marginal revenue, and ε d shows the p

Pareto efficieny, marginal conditions of pareto efficeincy

marginal conditions of pareto efficeincy

Monopsony, what are the pros and cons of monopsony

what are the pros and cons of monopsony

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd