Oil cross price elasticity of energy R&D demand - thesis by kevin kane
PRICE ELASTICITY OF DEMAND
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Transcript of PRICE ELASTICITY OF DEMAND
%∆Qd = Q2-Q1 Q2+Q1 2
x 100
ɛd = %∆Qd %∆P
%∆P = P2-P1 P2+P1
2x 100
Kung saan:
ɛd price elasticity of demand%ΔQd bahagdan ng pagbabago sa Qd%ΔP bahagdan sa pagbabago sa presyo
Kung saan ang: Q1 naunang dami ng demand P1 dating presyo Q2 bagong dami ng demand P2 bagong presyo
Elastic Demand Unitary Elastic Demand
Inelastic Demand
Perfectly Elastic Demand Perfectly Inelastic Demand