1. ECONOMICS The Supply & Demand Model Presented by:Daniel L. Smith ED 205 TR 10-11:15 2. The Supply & Demand Model Supply Demand Elastic Demand Inelastic Demand…
Slide 1Ch. 4: Demand Slide 2 Section 1: Understanding Demand Consumers shape markets through their demands. Slide 3 Demand Demand: the desire to own something and ability/willingness…
1. ECONOMICS The Supply & Demand Model Presented by:Daniel L. Smith ED 205 TR 10-11:15 2. The Supply & Demand Model Supply Demand Elastic Demand Inelastic Demand…
Slide 1 The Elasticity of Demand Chapter 7 Slide 2 The Concept of Elasticity Elasticity is a measure of the responsiveness of one variable to another. The greater the elasticity,…
Terms MKT-MP-9 Utilize pricing strategies to maximize return and meet customersâ perception of value. MP-3rd period Price The actual amount that customers pay and the methods…