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Home > Demand, Supply, and Elasticities Concepts

Demand, Supply and Elasticity Concepts

1. Illustrating with examples, explain price elasticity of demand, income elasticity of demand and cross elasticity of demand.

2. Discuss how an understanding of the three elasticity concepts be useful to the CEO, in making price and output decisions.

3. Discuss whether housing is a normal or inferior good.

4. Discuss the factors affecting the demand for laptops.

5. Using demand and supply analysis, explain why housing prices are rising.

6. With reference to elasticity concepts, discuss the impact of the booming property market on the developers of private housing.

7. Explain price elasticity of demand, income elasticity of demand and cross elasticity of demand.

8. Using demand and supply analysis, explain why the sales of second hand cars have increased in recent months.

9. Discuss the relevance of elasticity concepts to help a property developer maximize its profits.

10. Explain the concepts of PED and YED, indicating why elasticities are different for different products.

11. Distinguish between PED, XED and YED.

12. Using demand and supply analysis, explain why there is a sharp decline in the luxury car market.

13. Discuss the factors that could lead to the record high oil prices.