Own-Price Elasticity of Demand
478 播放时长：316
加载播放器...
Elasticity is a general measure of how sensitive one variable is to any other variable:%Δy%Δx.,When the magnitude of the own-price elasticity,or unitary elastic.
The own-price elasticity of demand is a measure of how responsive the quantity demanded of a good or service is to a change in its own price. It is calculated as the percentage change in quantity demanded divided by the percentage change in price.
If the own-price elasticity of demand is greater than 1, then the demand for the good or service is considered to be elastic, meaning that a small change in price will result in a relatively large change in quantity demanded.
If the own-price elasticity of demand is less than 1, then the demand for the good or service is considered to be inelastic, meaning that a change in price will result in a relatively small change in quantity demanded.
If the own-price elasticity of demand is equal to 1, then the demand for the good or service is considered to be unit elastic, meaning that a change in price will result in an equal percentage change in quantity demanded.
The own-price elasticity of demand is an important concept in economics because it helps businesses and policymakers understand how consumers will react to changes in prices, and can help them make decisions about pricing, production, and taxation.
If the own-price elasticity of demand is greater than 1, then the demand for the good or service is considered to be elastic, meaning that a small change in price will result in a relatively large change in quantity demanded.
If the own-price elasticity of demand is less than 1, then the demand for the good or service is considered to be inelastic, meaning that a change in price will result in a relatively small change in quantity demanded.
If the own-price elasticity of demand is equal to 1, then the demand for the good or service is considered to be unit elastic, meaning that a change in price will result in an equal percentage change in quantity demanded.
The own-price elasticity of demand is an important concept in economics because it helps businesses and policymakers understand how consumers will react to changes in prices, and can help them make decisions about pricing, production, and taxation.
CFA考试视频Own-Price Elasticity of DemandCFA一级视频
