Title
(6) Factors Affecting the Price Elasticity of Demand
Topic Category
Price Elasticity of Demand
Publication Date
2011
Keywords
Price Elasticity of Demand, Factors Affecting, Elastic, Inelastic
Abstract
This identifies and explains the major factors or issues that tend to make the price elasticity of demand either high or low.
Recommended Citation
Crane, Steven E., "(6) Factors Affecting the Price Elasticity of Demand" (2011). Principles of Microeconomics. Paper 25.
http://epublications.marquette.edu/microecon_learning/25
Run Time
11:42
Primary Discipline
Microeconomics
Skills Delivered
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.
Rigor Level
2000
Prerequisites
Previous Price Elasticity Videos
COinS