Elasticity of Demand and Supply

"The desire to purchase goods and services"

• Elasticity

• Demand

• Supply

• Hatdog

"Measure of the responsiveness of quantity demanded or quantity supplied"

• Elasticity

• Demand

• Supply

• Awit

"The percentage change in quantity demanded divided by the percentage change in price"

• Dcurb

• Price elasticity of demand

• Price elasticity of supply

• Elasticity

"The amount of some product that producers are willing and able to sell at a given price, all other factors being held constant"

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• Demand

• Elasticity

• Supply

"The percentage change in quantity supplied divided by the percentage change in price"

• Price elasticity of supply

• Price elasticity of product

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• Price elasticity of demand

εd = 5

• Elastic

• Inelastic

• Perfectly Elastic

• E W A N

εd = -7

• Demand

• L A V A R N

• Inelastic

• Perfectly Inelastic

εd = 1

• Unitary

• Perfectly Unitary

• Perfectly Elastic

• HULAAN MO..... HIHI

εd = 0

• Unitary

• P A N A W

• Perfectly Elastic

• Perfectly Inelastic

εd = Infinite

• Perfectly Elastic

• Unitary

• Elastic

• GOYO