The Determinants of Price Elasticity of Demand

In this second lesson on elasticity we'll outline the factors that affect the relative price elasticity of demand for a good, summarized by the useful acronym "SPLAT". Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! econclassroom.com/?page_id=5870

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