Tuesday, 13 October 2009

Applications of Elasticity


Dear Lower Sixth Economists,

Having read and re-read the article from Economics Today, please answer the following questions as fully as possible, but without copying directly from the text.

How can PED help in peak and off-peak pricing?

How did Honda use YED?

How can XED be used as a weapon in price wars?

How does XED explain why printers are cheap, but cartridges are expensive?

Easy one this week

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