华东师范大学2000年西方经济学金融学国贸考研试题.pptVIP

Chapter 3 Elasticity and Demand Market Demand Curve Determinants of demand Concepts of elasticity Elasticity estimates the extent to which one variable is likely to respond to anther variable’s change. And the degree of elasticity can be measured by gauging the percentage changes of this two variables. p81 Classification of elasticity Price elasticity of demand Price elasticity of demand (Ed) measures the responsiveness of quantity demanded of a product to changes in its own price. Coefficient of Ed: .demand elasticityA measure of the responsiveness of consumers to changes