PRICE ELASTICITY OF DEMAND MR. REY BELEN Demand Price and Quantity Demanded are inversely related to each other. An increase in price causes the quantity demanded to fall,…
Slide 1 © 2010 Pearson Education CanadaChapter 2 - 1 Chapter 2 Making Smart Choices © 2010 Pearson Education Canada Slide 2 Chapter 2 - 2 Making Smart Choices The Law of…