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What factors find out the price elasticity of demand?
Factors which determine the price elasticity of demand are:
a. Whether close substitutes are accessible
b. Whether the Good Is a essential or a Luxury
c. Time and space
Suppose that quantity demand falls by 30% as a result of a 5% increase in price. What would be the price elasticity of demand for this good?
in the keynesian cross assume that the consumption function is given by c=200+0.75(y-t). given planned investment is 100, government purchases and taxes are both 100. then what i
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dynamic multipier
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