Download - Dinker Presentation on elasticity of demand
![Page 1: Dinker Presentation on elasticity of demand](https://reader034.vdocuments.net/reader034/viewer/2022051707/58ee5eb31a28aba8268b458d/html5/thumbnails/1.jpg)
INDIAN ECONOMICSINDIAN ECONOMICS
PGDM 2DINKER VAID
![Page 2: Dinker Presentation on elasticity of demand](https://reader034.vdocuments.net/reader034/viewer/2022051707/58ee5eb31a28aba8268b458d/html5/thumbnails/2.jpg)
Elasticity Of DemandElasticity Of Demand
The elasticity of demand is a degree of The elasticity of demand is a degree of change in the change in the quantity demanded quantity demanded of a of a product in response to its product in response to its determinantsdeterminants, , such as -:such as -:
price of the product,price of the product, price of substitutes, and price of substitutes, and income of consumersincome of consumers
![Page 3: Dinker Presentation on elasticity of demand](https://reader034.vdocuments.net/reader034/viewer/2022051707/58ee5eb31a28aba8268b458d/html5/thumbnails/3.jpg)
Types of Elasticity of Types of Elasticity of DemandDemand
![Page 4: Dinker Presentation on elasticity of demand](https://reader034.vdocuments.net/reader034/viewer/2022051707/58ee5eb31a28aba8268b458d/html5/thumbnails/4.jpg)
Price Elasticity of Price Elasticity of DemandDemand
![Page 5: Dinker Presentation on elasticity of demand](https://reader034.vdocuments.net/reader034/viewer/2022051707/58ee5eb31a28aba8268b458d/html5/thumbnails/5.jpg)
Types Of Price Types Of Price ElasticityElasticity
![Page 6: Dinker Presentation on elasticity of demand](https://reader034.vdocuments.net/reader034/viewer/2022051707/58ee5eb31a28aba8268b458d/html5/thumbnails/6.jpg)
Income Elasticity of Income Elasticity of DemandDemand
![Page 7: Dinker Presentation on elasticity of demand](https://reader034.vdocuments.net/reader034/viewer/2022051707/58ee5eb31a28aba8268b458d/html5/thumbnails/7.jpg)
Types of Types of Income Income Elasticity of DemandElasticity of Demand
![Page 8: Dinker Presentation on elasticity of demand](https://reader034.vdocuments.net/reader034/viewer/2022051707/58ee5eb31a28aba8268b458d/html5/thumbnails/8.jpg)
Positive income Positive income elasticity of demandelasticity of demand
When a proportionate change in When a proportionate change in the income of a consumer, the income of a consumer, increases the demand for a increases the demand for a product . product .
vice versa, income elasticity of vice versa, income elasticity of demand is said to be negative. demand is said to be negative.
![Page 9: Dinker Presentation on elasticity of demand](https://reader034.vdocuments.net/reader034/viewer/2022051707/58ee5eb31a28aba8268b458d/html5/thumbnails/9.jpg)
Negative income Negative income elasticity of demandelasticity of demand
When a proportionate change in When a proportionate change in the income of a consumer results the income of a consumer results in a fall in the demand for a in a fall in the demand for a product product
vice versa, the income elasticity vice versa, the income elasticity of demand is said to be positive. of demand is said to be positive.
![Page 10: Dinker Presentation on elasticity of demand](https://reader034.vdocuments.net/reader034/viewer/2022051707/58ee5eb31a28aba8268b458d/html5/thumbnails/10.jpg)
Zero income Zero income elasticity of demandelasticity of demand
When a proportionate change in When a proportionate change in the income of a consumer does the income of a consumer does not bring any change in the not bring any change in the demand for a product Than, demand for a product Than, income elasticity of demand is income elasticity of demand is said to be zero. said to be zero.
![Page 11: Dinker Presentation on elasticity of demand](https://reader034.vdocuments.net/reader034/viewer/2022051707/58ee5eb31a28aba8268b458d/html5/thumbnails/11.jpg)
Cross elasticity of Cross elasticity of demand demand
![Page 12: Dinker Presentation on elasticity of demand](https://reader034.vdocuments.net/reader034/viewer/2022051707/58ee5eb31a28aba8268b458d/html5/thumbnails/12.jpg)
THANKYOU