Essays Tagged: "Elasticity (economics)"

What is Advertising Elasticity of Demand (AED)?

Advertising Elasticity of Demand (AED)The advertising elasticity of demand (AED) measures the responsiveness of ... in the level of advertising results in a 25 unit increase in the quantity demanded. The advertising elasticity of demand is% change in demand% change in advertising expenditure50%20%= + 2.5Therefore, ...

(1 pages) 81 0 2.7 Nov/2002

Subjects: Businesss Research Papers

Price Elasticity

Price elasticity of demand is a consumer's receptiveness to the change of a price in a good or service. In ... This usually occurs when the item is a necessity and an alternative is not available. This is price elasticity. The opposite end of the spectrum is price inelasticity. If the item is not a necessity, ... ters consumers because the opportunity cost of buying the product will be too high. That is price inelasticity.To find the elasticity of the supply and demand curves simply graph the following equatio ...

(2 pages) 181 0 3.0 Jan/2006

Subjects: Social Science Essays > Economics

Discuss the factors, which affect demand: Explain the concept of price elasticity of demand and its significance to governments and producers.

y similarly to all goods. The demand for generic brand products decreases as income rises.The price elasticity of demand refers to the responsiveness of quantity demanded to a change in price. Elastic ... f close substitutes, and the industry of the good or service is very competitive. These concepts of elasticity can be visually represented by the gradient or slant of the demand curve. The steeper a c ...

(3 pages) 171 1 4.5 Apr/2006

Subjects: Social Science Essays > Economics

Inelastic supply and demand of super bowl commercials

Price elasticity of demand (PED) is the responsiveness of quantity demanded in relation to the price. Norm ... will be demanded because there are many substitutes available such as other brands of cheese. The inelasticity of demand is applicable when referring to goods which have few if any substitutes, super ... le of a price war nearing the super bowl airing. When there is a fixed supply of a certain good the elasticity of the good is inelastic since no matter how large the demand for super bowl commercials ...

(3 pages) 54 0 0.0 Mar/2007

Subjects: Social Science Essays > Economics > Foreign & International Economics

Petrol Price

(4 pages) 565 0 0.0 Aug/2001

Subjects: Businesss Research Papers

Refinery blaze could push up petrol prices

un. However, in the long-run, consumers will find other variables to take place of the petrol.Price elasticity of demand is the responsiveness of quantity demanded to a change in is price. We know tha ...

(2 pages) 16 0 3.0 Jan/2008

Subjects: Businesss Research Papers

Lower demand drives down price of oil

les took effect this year that prohibit …..nonhighway vehicles from using the high-sulfur fuel.Elasticity is the ratio of the proportional change in one variable with respect to proportional chan ... portional change in one variable with respect to proportional change in another variable (3). Price elasticity of demand is the responsiveness of demand in a changing price. Oil is a rather inelastic ...

(2 pages) 33 0 3.5 Jan/2008

Subjects: Businesss Research Papers

Frenzy in the markets as oil heads for $100 a barrel

tic good, increases in its price will reduce the quantity demanded less than proportionately. Price elasticity of demand is the responsiveness of quantity demanded of a good to changes in its price. ( ...

(2 pages) 31 0 4.7 Jan/2008

Subjects: Businesss Research Papers

Traffic-jams

is course had any effect at all.Public Transport The success of this solution depends wholly on the elasticity of demand in the transport-market. If there is a high price elasticity a reduction in the ... ly, which means that people will leave their cars and use public transport instead. If however, the elasticity of demand is between 0 and 1, or in other words highly inelastic, a reduction in the pric ...

(1 pages) 383 0 0.0 Feb/2008

Subjects: Businesss Research Papers

Price, Income and Cross Elasticity of Demand

Explain what is meant by the terms price elasticity, income elasticity and cross elasticity of demand and discuss the main determinants of ea ... e. Discuss the importance of each of these to the decision making process within a typical business.Elasticity is the responsiveness to which one variable responds to a change in another variable Pric ... emanded is relatively unresponsive to a change in price the product is said to be 'inelastic'.Price elasticity of demand can be given a numerical value which is just a number and not in terms of any p ...

(6 pages) 106 0 3.0 Mar/2008

Subjects: Social Science Essays > Economics

Lower demand drives down price of oil(edited)

r this type of good so the expectation of future price change is an important factor of heating oil.Elasticity is the measure of the responsiveness of a variable to a change in one of its determinants ... uld erode fuel use.” "Higher prices are starting to hit the market" which shows "that there is elasticity of demand," In this case, since the price of the oil has increased exceedingly, which mak ...

(3 pages) 14 0 4.0 Mar/2008

Subjects: Businesss Research Papers