This lesson includes a PowerPoint and a worksheet and covers:
a) Calculation of price elasticity of demand
b) Interpretation of numerical values of price elasticity of demand
c) The factors influencing price elasticity of demand
d) The significance of price elasticity of demand to businesses in terms of implications for pricing
e) Calculation and interpretation of the relationship between price elasticity of demand and total revenue
Written by Sarah Hilton for Revisionstation
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£3.00