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2. Price elasticity of demand - Wikipedia

   en.wikipedia.org/wiki/Price_elasticity_of_demand

   A good's price elasticity of demand ( , PED) is a measure of how sensitive the quantity demanded is to its price. When the price rises, quantity demanded falls for almost any good ( law of demand ), but it falls more for some than for others. The price elasticity gives the percentage change in quantity demanded when there is a one percent ...

3. Alfred Marshall - Wikipedia

   en.wikipedia.org/wiki/Alfred_Marshall

   The price elasticity of demand was presented by Marshall as an extension of these ideas. Economic welfare, divided into producer surplus and consumer surplus, was contributed by Marshall, and indeed, the two are sometimes described eponymously as 'Marshallian surplus.' He used this idea of surplus to rigorously analyse the effect of taxes and ...

4. Elasticity (economics) - Wikipedia

   en.wikipedia.org/wiki/Elasticity_(economics)

   In economics, elasticity measures the responsiveness of one economic variable to a change in another. [1] If the price elasticity of the demand of something is -2, a 10% increase in price causes the quantity demanded to fall by 20%. Elasticity in economics provides an understanding of changes in the behavior of the buyers and sellers with price ...

5. Fast cash: 10 high-paying jobs with two-year degrees - AOL

   www.aol.com/2010/08/27/fast-cash-10-high-paying...

   Some students can't fund the degree, others' interests lie in specialty fields not covered at the average four-year school, and some Fast cash: 10 high-paying jobs with two-year degrees Skip to ...

6. Price elasticity of supply - Wikipedia

   en.wikipedia.org/wiki/Price_elasticity_of_supply

   The price elasticity of supply ( PES or Es) is a measure used in economics to show the responsiveness, or elasticity, of the quantity supplied of a good or service to a change in its price. Price elasticity of supply, in application, is the percentage change of the quantity supplied resulting from a 1% change in price.

7. Cross elasticity of demand - Wikipedia

   en.wikipedia.org/wiki/Cross_elasticity_of_demand

   The cross elasticity of demand is calculated as the ratio between the percentage change of the quantity demanded for a good and the percentage change in the price of another good, ceteris paribus: [1] = % % The sign of the cross elasticity indicates the relationship between two goods. A negative cross elasticity denotes two products that are ...