(6) Factors Affecting the Price Elasticity of Demand
Price Elasticity of Demand
Price Elasticity of Demand, Factors Affecting, Elastic, Inelastic
This identifies and explains the major factors or issues that tend to make the price elasticity of demand either high or low.
Crane, Steven E., "(6) Factors Affecting the Price Elasticity of Demand" (2011). Principles of Microeconomics. Paper 25.
Ability to identify general factors or situations that would tend to make demand for a product either more or less price elastic. Ability to explain the logic behind these relationships.
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