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Demand and Elasticity

C/E/187. Elasticity of Demand and Consumer Behaviour

WORDS:
2400
DATE:
2007
PRICE:
29.99 GBP

The paper looks onto the theory of consumer behaviour defining the concept of demand and its relationship to price, quantity, preferences, level of income, etc. Techniques of inferring consumers' demand are outlined focusing on the elasticity of demand and describing the price elasticity of demand, income elasticity of demand, and cross elasticity of demand.

 

KEYWORDS: Elasticity of demand, price, income, inferior goods superior goods consumer surplus,

 
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