You need to be very comfortable with Elasticities. If you decided to answer Q1 in 2012, elasticity’s accounted for 66 (16.5%) marks of the 400 available on the whole Exam. None of these questions were asking for a lot. It was basic interpretation of the numbers.
You should know how to calculate all three of the elasticities (PED, YED & CED). You should know what each number means or be able to interpret an elasticity, and you should know what affects or determines the elasticity of a product?
*** Exam analysis ***
Supply, Demand & Elasticities come up every year and it's usually Q1 on the paper.
You should know how to calculate all three of the elasticities (PED, YED & CED). You should know what each number means or be able to interpret an elasticity, and you should know what affects or determines the elasticity of a product?
*** Exam analysis ***
Supply, Demand & Elasticities come up every year and it's usually Q1 on the paper.
elasticity.ppt | |
File Size: | 603 kb |
File Type: | ppt |
5.elasticity.pdf | |
File Size: | 312 kb |
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elasticity_of_demand_revised.ppt | |
File Size: | 884 kb |
File Type: | ppt |
elasticity_of_demand_questions.doc | |
File Size: | 35 kb |
File Type: | doc |
millionaire_template_elasticity1.ppt | |
File Size: | 1754 kb |
File Type: | ppt |