You need to log-in or subscribe in order to use Student access.

Unit 2.5: Price elasticity of demand

Until now your students will have largely worked on the assumption that demand is linear and that the relationship between selling price and quantity demanded was the same or at least similar for most products - the exceptions being giffen and veblen goods. This section of the site focuses on how the relationship between the two variables changes, according to the elasticity of the good or service. This page concentrates...

To access the entire contents of this site, you need to log in or subscribe to it.

Alternatively, you can request a one month free trial.