Price Elasticity of Demand PPT: Type and Examples

Price elasticity of demand is a measurement of the alternate in the intake of a product in relation to a change in its charge. Expressed mathematically, it is:

Price Elasticity of Demand = Percentage Change in Quantity Demanded ÷ Percentage Change in Price

Also See: Production Planning and Control Ppt Presentation Download

Price Elasticity of Demand PPT: Type and Examples

Economists use price elasticity to understand how supply and demand for a product alternate when its charge changes. Like call for, deliver also has an elasticity, referred to as charge elasticity of supply. Price elasticity of deliver refers to the connection among alternate in supply and alternate in charge. It’s calculated through dividing the percentage alternate in amount supplied through the percentage change in charge. Together, the two elasticities integrate to decide what goods are produced at what prices.

Also See: Critical Thinking PPT Presentation: Process and Benefits

Table of Content For Price Elasticity of Demand PPT Presentation

  • Definition
  • Introduction
  • What is Elasticity?
  • Factors That Affect Price Elasticity of Demand
  • Types of Price Elasticity of Demand
  • Example of Price Elasticity of Demand
  • Conclusion

Free Download Link

Price Elasticity of Demand PPT

Leave a Comment