Price Elasticity Remember the Law of demand….
{"Image DocumentName": "Price Elasticity Remember the Law of demand\u2026.", "Image ImageDescription": "A fall in the price of a good will raise the quantity demanded. Price Elasticity \u2013 measures how much the quantity demanded responds to a change in price. Demand is: Elastic \u2013 if quantity demanded responds substantially to a change in price. Inelastic \u2013 if quantity demanded responds only slightly to a change in price.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}