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.

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

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