Questions tagged [elasticity of demand]

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SkylitEnchantment SkylitEnchantment Tue Jan 21 2025 | 6 answers 1329

How to determine elasticity of demand?

I'm trying to figure out how to calculate the elasticity of demand for a product. I want to understand how changes in price affect the quantity demanded by consumers.

How to determine elasticity of demand?
Sun Jan 12 2025 | 7 answers 1851

Does elasticity of demand increase with price?

I'm wondering if the elasticity of demand changes when the price goes up. Specifically, does the demand for a product become more elastic as its price increases?

Does elasticity of demand increase with price?

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