# 1552954945911_300. ELASTISITAS

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Elasticity and Its Applications  ElastisitasdlmEkonomidiartikansbgsebuahukuranutkmelihatsejauhmana responjumlahbrgygdiminta(atauditawarkan) akibat  perubahanhargabrgtsb. Duajeniselastisitas: 1.ElastisitasPermintaan 2.ElastisitasPenawaran  ElastisitasPenawaran  A. Price elasticity of demand B. Income elasticity of demand C. Cross elasticity of demand  ElastisitasPermintaan   =% %    =% %      =% %      =%  %  Price elasticity of supply   4 TermNumericalMeasure of ElasticityVerbal Description  A. Price elasticity of demand (supply) Perfectly or completely inelasticZeroQuantity demanded (supplied)does not change as price changes.InelasticBetween zero and oneQuantity demanded (supplied) changes by a smaller percentageas does price.Unit elasticOneQuantitydemanded (supplied) changes by exactly the same percentage as does price.ElasticGreater than one, but less than infinityQuantity demanded (supplied) changes by a larger percentageas does price.Perfectly,completely, or infinitely elasticInfinityPurchasers(sellers) are prepared to buy (sell) all they can at some price and none at all at a higher (lower) price. B. Income elasticity of demand  Inferior goodNegativeQuantity demanded decreasesas income increases.Normal goodIncome-inelasticIncome-elasticPositiveLess than oneGreater than oneQuantity demanded increases as income increases.Less than in proportion to income increase.More than in proportion toincome increase. C.Cross elasticity of demand  SubstitutePositivePrice increase of a substitute leads to an increase in quantity demanded ofthis good.ComplementNegative   Price increase of a complement leads to an decrease in quantity demanded ofthis good.

Sep 22, 2019

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Sep 22, 2019
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