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From heart transplants to watermelons - elasticity of demand

Geoff Riley

5th October 2010

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Here is a super blog by Jason Welker on aspects of price elasticity of demand - offering some great examples of where demand is either likely to be highly elastic to where consumers are almost immune to changes in the market price.

For another take on price elasticity of demand, a recent Freakonomics blog post looks at pricing for new album releases. A Record Label That Believes in You

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Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD and Revision conferences in the UK and overseas.

@tutor2uGeoff

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