Elasticity (economics)/Tutorials

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https://en.citizendium.org/wiki/index.php?title=Elasticity_(economics)/Tutorials&printable=yes
Tutorials relating to the topic of Elasticity (economics).

Elasticity of Demand

The best-known application of the concept of elasticity is to the effect of a price change on the demand for a marketed product. The "price elasticity of demand" for a product is the proportionate decrease in demand for a product divided by the proportionate increase in its price.

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