№ files_lp_4_process_3_122389
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Explains the responsiveness of consumer demand to changes in price, illustrating elasticity with formulas, real-world examples, and the implications for revenue and taxation policies.
Author:
Geoff Riley
Last updated:
23 September 2012
Topic:
Economics
Document type:
Educational article
Audience:
Students and professionals interested in economics
Key concepts:
Price elasticity of demand, inelastic and elastic demand, total revenue, indirect taxation
Examples included:
Rail services, package holidays, PlayStation 3 pricing
Formulas:
Co-efficient of price elasticity of demand
Regions discussed:
United Kingdom, Europe
Data period referenced:
2011–2012
Contextual focus:
Consumer behavior, market pricing, taxation impact
Price: 8 / 10 USD
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The product description is provided for reference. Actual content and formatting may differ slightly.
Year:
2025
Region / City:
British Columbia
Subject:
Building Code
Document Type:
Proposal
Organization / Institution:
British Columbia Government
Author:
Not specified
Target Audience:
Designers, Regulators
Effective Period:
Starting from March 10, 2025
Approval Date:
2025-12-15
Date of Amendments:
None
Subject:
Price elasticity of demand
Field:
Economics
Topic:
Residential energy consumption and fuel substitution
Document type:
Educational primer
Key concepts:
Elastic demand; Inelastic demand; Cross-price elasticity
Economic variables discussed:
Price changes; Quantity demanded; Heating oil prices
Sector:
Household energy use
Energy sources mentioned:
Heating oil; Wood; Coal; Pellets
Appliances referenced:
Central oil boiler; Wood stove
Context of application:
Household response to energy price changes
Analytical focus:
Sensitivity of household heating choices to fuel price variation
Illustrative elements:
Conceptual example of heating fuel substitution and emissions implications
Environmental aspect:
PM2.5 emissions related to increased wood burning
Subject:
Economics
Topic:
Basic economic concepts and microeconomic principles
Document type:
Study notes
Academic field:
Economics education
Chapters covered:
Ch1–Ch9
Key concepts:
Scarcity, opportunity cost, economic goods, free goods, market economy, planned economy, demand and supply, price elasticity, taxation burden, division of labour
Economic systems discussed:
Market Economy, Planned Economy, Traditional Economy
Analytical concepts:
Positive statement, Normative statement, Private property rights
Main theoretical models:
Law of demand, Law of supply, Price elasticity of demand and supply
Educational context:
Introductory economics / BAFS management related study
Language characteristics:
English with supplementary Chinese annotations
Subject:
Price Elasticity of Demand and Price Elasticity of Supply
Academic field:
Economics
Document type:
Educational worksheet
Content type:
Theory explanation, exercises, and case study
Key concepts:
Price elasticity of demand (PED), price elasticity of supply (PES), demand curve, supply curve
Formulas included:
PED = % change in Qd / % change in Price; PES = % change in Qs / % change in Price
Activities included:
Classification exercises based on elasticity values, conceptual questions, graph drawing tasks
Case study topic:
Iron ore export market in Australia
Countries mentioned:
Australia, China
Economic sectors referenced:
Mining, steel production
Goods referenced as examples:
Petrol, chocolate bars, cigars, Snickers, Coke, insulin, Rolex watches, VB beer, Toyota Camry, lettuce, canned beans
Educational purpose:
Teaching elasticity concepts in microeconomics
Intended audience:
Economics students
Year:
2020
Region / City:
Global
Topic:
Economics, Business
Document Type:
Research Paper
Organization / Institution:
University
Author:
Gans et al., Mithani, Baye & Prince
Target Audience:
Business students, Economists
Period of Validity:
N/A
Approval Date:
N/A
Date of Changes:
N/A
Year:
1998
Region / City:
United States
Topic:
Health Insurance, Legal Rights
Document Type:
Legal Notice
Organ / Institution:
Federal Government
Author:
Not specified
Target Audience:
Individuals with health coverage
Period of Validity:
Not specified
Approval Date:
Not specified
Modification Date:
Not specified
Year:
2017
Region / city:
Wales
Subject:
Environmental protection
Document type:
Compliance audit report template
Organization / institution:
Natural Resources Wales
Author:
Unknown
Target audience:
Developers, ecological consultants, and license holders
Period of validity:
N/A
Approval date:
N/A
Date of amendments:
N/A
Year:
2023
Region / City:
United Nations
Topic:
Israeli practices in the occupied Syrian Golan
Document Type:
Report
Body / Organization:
United Nations General Assembly
Author:
United Nations Secretary-General
Target Audience:
United Nations Member States
Period of Application:
2023
Approval Date:
13 October 2023
Date of Amendments:
N/A
Note:
Year
Topic:
Research Study
Document Type:
Consent Form
Institution:
University of Granada
Target Audience:
Participants of the research study
Year:
2024
Region / City:
Harrisburg, PA
Topic:
Personal Needs Allowance Deduction, Long-Term Care, SSI
Document Type:
Operations Memorandum
Author:
Robert Hixson
Target Audience:
Executive Directors
Effective Date:
January 1, 2025
Approval Date:
October 22, 2024
Institution / Organization:
Department of Human Services, Bureau of Operations
Year:
2023
Region / City:
Unknown
Subject:
Behavioral analysis and intervention plan for individuals with challenging behaviors
Document Type:
Behavioral Report
Author:
Unknown
Target Audience:
Staff involved in the care or treatment of individuals with challenging behaviors
Period of Action:
Ongoing
Approval Date:
Unknown
Date of Changes:
Unknown
Jurisdiction:
Indiana
Regulatory body:
Indiana Utility Regulatory Commission
Document type:
Economic Impact Statement
Legal authority:
IC 4-22-2.1-5; IC 4-22-2-28
Subject matter:
Electronic filing procedures and ex parte rule clarification
Affected entities:
Utilities and other persons or entities filing or participating in Commission proceedings
Impact on small businesses:
No costs; potential cost reductions
Economic impact estimate:
None
Administrative costs:
None
Filing system referenced:
Electronic Filing System (EFS)
Implementation context:
Transition from hard copy to electronic filing
Stakeholder consultation:
Regulated entities and participant listserv
Draft circulation date:
October 2018
Scope of application:
All filers before the Commission
Regulatory flexibility considerations:
Compliance, schedules, reporting, standards, and exemptions
Year:
2025
Note:
Region / city
Subject:
Automotive regulations, power steering systems
Document type:
Amendment
Organization / institution:
OICA/CLEPA
Target audience:
Automotive manufacturers, regulatory bodies
Contextual description:
Legal text related to the modification of automotive regulations on power steering systems, focusing on electrical storage devices and energy management systems.
Year:
2020
Region / City:
Salem, OR
Topic:
Corrosion and degradation of culverts
Document Type:
Literature Review
Organization:
Oregon Department of Transportation (ODOT)
Author:
Laura E. Wilt
Target Audience:
Engineers, transportation professionals, researchers
Effective Period:
April, 2020
Approval Date:
April, 2020
Date of Last Change:
Not specified
Keywords:
Corrosion, drainage structures, culverts, resistivity, pH, sulfate, chloride
Context:
Literature review analyzing environmental factors, corrosion mechanisms, and their impact on the service life of culverts.
Note:
Year
Topic:
Business Law
Document Type:
Legal Quiz
Target Audience:
Students, Legal Professionals
Year:
Not specified
Region / City:
Not specified
Topic:
Fermentation Rate, Experimental Procedures
Document Type:
Experimental Protocol
Organization / Institution:
SSERC
Author:
Not specified
Target Audience:
Researchers, Students, Educators in Biology and Biochemistry
Period of Application:
Not specified
Approval Date:
Not specified
Modification Date:
Not specified
Year:
2020
Region / City:
Majmaah, Saudi Arabia
Topic:
Employee Loyalty and Retention
Document Type:
Research Article
Institution:
Majmaah University, College of Business Administration
Authors:
Osama Suliman Al-Jameel, Bassem Salhi
Target Audience:
Academics, HR professionals, business managers
Methodology:
Quantitative primary research with 100 employees
Keywords:
Employee loyalty, Employee retention, Personal development, HR practices
Author:
Corynne M. Toranto
Institution:
Louisiana State University
Field of Study:
Child and Family Studies
Academic Level:
Fourth-year graduating senior
Addressee:
Governor Bobby Jindal and the Legislative Body of Louisiana
Geographic Focus:
Louisiana, United States
Subject:
Family impact assessment of public policy and economic decisions
Type of Document:
Academic blog project summary and policy advocacy letter
Course Context:
Family Law and Public Policy
Key Framework:
Family Impact Checklist
Referenced Scholar:
Karen Bogenshneider
Referenced Source:
The Dead Pelican
Themes:
Public policy, economic conditions, family responsibility, poverty, food assistance, environmental disaster, legislative decision-making
Note:
Year
Topic:
Economics
Document Type:
Educational Material
Target Audience:
Students of Economics
Year:
2023
Region / City:
Jiangsu, China
Topic:
Environmental Science, Agriculture
Document Type:
Research Article
Organization / Institution:
Jiangsu Academy of Agricultural Sciences, Jiangsu University, Jinan University, Yancheng Institute of Technology
Authors:
Pei Chen, Yu Cheng, Ning Wang, Jian-Guang Yu, Zhao Ying, Li-Hong Xue
Target Audience:
Academics, Environmental Scientists, Agricultural Researchers
Period of validity:
N/A
Approval Date:
N/A
Date of changes:
N/A