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Elasticity, Microeconomics

Types of price elasticity of demand

November 21, 2016November 17, 2018 / econ101help / Leave a Comment on Types of price elasticity of demand

The elasticity of demand () measures the responsiveness of demand to a change in price. It is defined as the…

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Consumer and Producer surplus, Elasticity

Consumer surplus with perfectly elastic demand

April 15, 2015January 4, 2017 / econ101help / Leave a Comment on Consumer surplus with perfectly elastic demand

This is going to be a quick post. This will cover consumer surplus when there is perfectly elastic demand. When…

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