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PED
The Sign
YED
CED
PES
Why?
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smiling.gif (1578 bytes) PED = Price Elasticity of Demand YED = Income Elasticity of Demand CED = Cross Elasticity of Demand PES = Price Elasticity of SupplyWelcome to my Elasticity website. If you are a student of Economics and if you are finding the Elasticity concept difficult, then this site is written especially for you.

This website will include all the text, formulae and diagrams you need in order to understand the basic concepts of Elasticity. You will also the opportunity to have short interactive quizzes to test your knowledge of the different sections on Elasticity.

To help you even further I am including some past (Irish) Department of Education examination questions and some suggested answers. You will have the chance of working out elasticity formulae courtesy of an on-line Elasticity Spreadsheet.

I will also provide links to other websites that may help you to find that elusive statistic or economic fact for which you have been looking.

With all this help, you will certainly be able to maximise your understanding of what students often believe is a difficult concept in economics.

If you have any queries about my site feel free to contact me.

Site last updated 16 August 2000