Economics

Student Videos

Factors affecting Price Elasticity of Demand

Level:
AS
Board:
AQA, Edexcel, OCR, IB, Eduqas, WJEC

This short revision video looks at eight factors that can influence the coefficient of price elasticity of demand (PED) for different products.

Price elasticity of demand measures the responsiveness or sensitivity of demand for a product following a change in its own price.

Factors affecting Price Elasticity of Demand

Boston House,
214 High Street,
Boston Spa,
West Yorkshire,
LS23 6AD

Tel: +44 0844 800 0085

© 2021 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.