CROSS ELASTICITY OF DEMAND
It is the degree of responsiveness of demand for one commodity as a result of…
ECONOMICS
INCOME ELASTICITY OF DEMAND
“It is the degree of responsiveness of demand for goods to a change in income”….
MEASURING PRICE ELASTICITY
If elasticity is zero, demand curve is perfectly inelastic. If elasticity is infinite, demand curve…
ELASTICITY OF DEMAND
Introduction It is necessary to review or recall (repeat) the relationship between demand and price….
INDEX
Index is a system that shows level of variable (item) especially price, cost, wages, etc…
QUANTITY THEORY OF MONEY
It is a theory that shows direct relationship between money supply and the price level….