Concept of elasticity of demand and its types /degrees. Determining factors of price elasticity of demand. Measurement of price elasticity of demand
This note contains concept and types of elasticity of demand and its type/degree. The elasticity of demand can be categorized into three parts: price elasticity, income elasticity and cross elasticity of demand.
This note contains about the income and cross elasticity of demand. Income and cross elasticity of demand can also be explained with its types or degree.
This note contains the measurement and the determinants of the price elasticity demand. There is a various method of measuring price elasticity demand but the total outlay method is the major method for the measurement of price elasticity demand.
i. Types of Demand
ii. Determinnts of Demand
iii. Law of Demand
iv. Demand Function
v. Linear and Non-Linear Demand Function
vi. Demand Curve
vii. Individual and Market Demand Curve
viii. Movement Along The Demand Curve & Shift In Demand Curve
i. Determinnts of Supply
ii. Law of Supply
iii. Supply Function
iv. Linear and Non-Linear Supply Function
v. Supply Curve
vi. Individual and Market Supply Curve
vii. Movement Along The Supply Curve & Shift In Supply Curve