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  • Chapter 3 - Supply and Demand Elasticity

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    Kristina Cantilero Sucgang
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    Elasticity measures the responsiveness of supply and demand to changes in factors like price and income. It is calculated as the percentage change in quantity divided by the percentage change in the factor. Price elasticity specifically measures the percentage change in quantity supplied in response to a percentage change in price. The document instructs to read pages 79-100 of a Health Economics book and answer guide questions in the chapter.

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    Elasticity measures the responsiveness of supply and demand to changes in factors like price and income. It is calculated as the percentage change in quantity divided by the percentage change in the factor. Price elasticity specifically measures the percentage change in quantity supplied in response to a percentage change in price. The document instructs to read pages 79-100 of a Health Economics book and answer guide questions in the chapter.

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    © All Rights Reserved
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    11 views12 pages

    Chapter 3 - Supply and Demand Elasticity

    Uploaded by

    Kristina Cantilero Sucgang
    Elasticity measures the responsiveness of supply and demand to changes in factors like price and income. It is calculated as the percentage change in quantity divided by the percentage change in the factor. Price elasticity specifically measures the percentage change in quantity supplied in response to a percentage change in price. The document instructs to read pages 79-100 of a Health Economics book and answer guide questions in the chapter.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 12

    Supply and Demand Elasticity

    Elasticity refers to the supply and demand interaction with


    regards to di erent market conditions and economic cases.
    ff
    Elasticity= Percentage Change in Quantity/ Percentage
    Change in Supply
    Price Elasticity= Percentage Change in Quantity Supplied/
    Percentage Change in Price
    Read pages 79-100 of our Health Economics book.

    Take note and answer the chapter’s guide questions.

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