Question
Why do you care about the elasticity of demand? From your perspective as the buyer, how do you react when price changes if demand is
Why do you care about the elasticity of demand? From your perspective as the buyer, how do you react when price changes if demand is elastic? If demand is inelastic? 2. If a supplier is considering increasing the price of their good, do they want demand to be elastic or inelastic? Would they change their mind if they are considering lowering their price?
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Introductory Econometrics A Modern Approach
Authors: Jeffrey M. Wooldridge
4th edition
978-0324581621, 324581629, 324660545, 978-0324660548
