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Price Elasticity of Demand

Published on Nov 22, 2015

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MORE DECKS TO EXPLORE

PRESENTATION OUTLINE

1.

PRICE ELASTICITY OF DEMAND

HOW RESPONSIVE ARE BUYERS TO CHANGES IN PRICE?
2.

SUBSTITUTES

MORE OPTIONS, MORE RESPONSIVENESS
3.

DETERMINANTS OF ELASTICITY

4.

FEW OPTIONS, LESS RESPONSIVE

Photo by brianjmatis
5.

TIME

SHORT TIME FRAME, LESS RESPONSIVE
6.

MORE TIME, MORE RESPONSIVE

7.

INCOME SHARE

LARGER INCOME SHARE, MORE RESPONSIVE
8.

SMALL INCOME SHARE, LESS RESPONSIVE

9.

Untitled Slide

Phil Ruder