Liao Pan / China News Service / VCG / Getty Images In economics, price elasticity is a measure of how reactive the marketplace is to a change in price for a given product. However, price ...
Hosted on MSN3mon
How Does Price Elasticity Affect Supply?Basic economic theory states that supplies ... the percent change in supply: Use the formula to calculate price elasticity: 1.0% ÷ 1.07% = 0.000107 A result of 0.0001 shows that your farm's ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback