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en:types-of-elasticity [2015/07/28 10:24] federico |
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| In economics, supply and demand functions have several inputs: the price of the good, the price of other goods and the income. | In economics, supply and demand functions have several inputs: the price of the good, the price of other goods and the income. | ||
| - | When we calculate the elasticity of demand taking the price of the good that we are analyzing into account, we are calculating the **price elasticity of demand**. | + | When we calculate the elasticity of demand taking the price of the good that we are analyzing into account, we are calculating the **[[price elasticity of demand]]**. |
| - | When we take the price of other goods into account, we are calculating the **cross elasticity of demand**. | + | When we take the price of other goods into account, we are calculating the **[[cross elasticity of demand]]**. |
| - | When we measure the change in the demand of a good, when the income changes, we calculate the **income elasticity of demand**. | + | When we measure the change in the demand of a good, when the income changes, we calculate the **[[income elasticity of demand]]**. |
| The value of the elasticity can be: | The value of the elasticity can be: | ||