https://wiki.dirkjanswagerman.nl/index.php?action=history&feed=atom&title=Elastic_demand Elastic demand - Revision history 2026-10-25T10:32:36Z Revision history for this page on the wiki MediaWiki 1.34.2 https://wiki.dirkjanswagerman.nl/index.php?title=Elastic_demand&diff=466&oldid=prev Dirkjan: Created page with "Products with a price elasticity of demand greater than 1 are said to have a relatively elastic demand they are said to be price elastic.Simpler said an elastic demand is when..." 2020-08-25T07:17:42Z <p>Created page with &quot;Products with a price elasticity of demand greater than 1 are said to have a relatively elastic demand they are said to be price elastic.Simpler said an elastic demand is when...&quot;</p> <p><b>New page</b></p><div>Products with a price elasticity of demand greater than 1 are said to have a relatively elastic demand they are said to be price elastic.Simpler said an elastic demand is when demand &#039;&#039;&#039;&#039;does respond&#039;&#039;&#039;&#039;&#039; to price changes. With a price elastic demand:<br /> * an &#039;&#039;&#039;&#039;&#039;increase&#039;&#039;&#039;&#039;&#039; in price causes such a large fall in quantity demanded that &#039;&#039;&#039;&#039;&#039;total revenue falls&#039;&#039;&#039;&#039;&#039;;<br /> * a &#039;&#039;&#039;&#039;&#039;reduction&#039;&#039;&#039;&#039;&#039; in price causes such a large increase in the quantity demanded that the &#039;&#039;&#039;&#039;&#039;total revenue rises&#039;&#039;&#039;&#039;&#039;.<br /> <br /> <br /> <br /> &lt;html&gt;&lt;img src = &quot;/static/files/MBI/Module%2022/elasticdemand.png&quot; width=&quot;300&quot;/&gt;&lt;/html&gt;<br /> <br /> <br /> [[Category:economics]]<br /> <br /> [[Category:M22]]<br /> <br /> [[Category:Principles of Business Economics]]<br /> <br /> [[Category:Term]]</div> Dirkjan