Research Library

The top resource for free research, white papers, reports, case studies, magazines, and eBooks.

Share Your Content with Us
on TradePub.com for readers like you. LEARN MORE
Unit Elastic Demand: Meaning, Examples and Analysis
Request Your Free Article Now:

"Unit Elastic Demand: Meaning, Examples and Analysis"

There are many economic theories and practices that help business owners to decide which steps to take for their companies. Many of these will help individuals to know how to manage supply, demand and pricing questions. Unit elastic demand is one such theory.

What Is Unit Elastic Demand?
In economic terms, unit elastic demand refers to when demand affects the price of a product. This is seen when the price of something is reduced and it increases sales.

In business terms, unit elastic demand is used to help businesses know when to raise and lower the price of their products or services.


Offered Free by: WikiJob
See All Resources from: WikiJob

Recommended for Professionals Like You: