Elasticities of Economics
6 min readApr 30, 2021
There are a lot of measures in economics to measure changes in variable sin relation to change of another variable and these are called elasticities. These are the things that I am going to talk about today and what we can imply from these values.
Price Elasticity of Demand(PED):
PED shows the changes in demand of a product in relation to its price. For products with a…