Business
Explore Business
Study Notes
Price Elasticity of Demand
- Level:
- GCSE, AS
- Board:
- AQA, Edexcel, OCR, IB
Last updated 18 Feb 2018
Price elasticity of demand measures the responsiveness of quantity demanded for a product to a change in price. It is one of the most important concepts in business, particularly when making decisions about pricing and the rest of the marketing mix.
The short video below provides an overview of the concept of price elasticity of demand and there are some additional study notes below the video.
You might also like
Price Elasticity of Demand
Quizzes & Activities
Income Elasticity of Demand
Quizzes & Activities
Price Elasticity of Demand
Student Videos
Income Elasticity of Demand
Student Videos
Income elasticity of demand
Study Notes
Exchange Rates and Inflation: The Impact of Brexit on Business Costs
6th November 2016
Business Maths - Calculating Percentage Changes
Student Videos
An Introduction to Revenues and Demand
Study Presentations
Recommended
Exam support for 2022
Online Grade Booster Courses for A-Level Exams in May & June 2022
Exam technique, advance information support, live revision and more from the tutor2u subject specialist teams