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Learning and Understand Elasticity of Demand

Learning and Understand Elasticity of Demand. A step by step guide to economic elasticity By Tom Gunnells. Begin. The Three Parts of Elasticity. There are three parts to understand when discussing Elasticity.

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341 views • 26 slides

Strategic Pricing: Theory, Practice and Policy

Strategic Pricing: Theory, Practice and Policy. Professor John W. Mayo mayoj@georgetown.edu. This Lecture: Supply-side (Costs) and prices. Basics: supply, demand and prices Costs and prices Relevant and irrelevant costs Cost changes and Price changes (Pass-through).

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322 views • 18 slides

Factors Affecting Price Elasticity

Factors Affecting Price Elasticity. Is the good a necessity? Necessities tend to be relatively inelastic. Are there substitutes? When there are few substitutes, demand for good tends to be relatively inelastic. What % of income is spent on good?

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822 views • 11 slides

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Dq dp - PowerPoint PPT Presentation

Learning and Understand Elasticity of Demand

Strategic Pricing: Theory, Practice and Policy

Factors Affecting Price Elasticity