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If the formula creates a number greater than 1, the demand is elastic. In other words, quantity changes faster than price. If the number is less than 1, de- mand is Oct 5, 2017 - Cross-price elasticities tend to be negative when two goods are complements. e.g Printers and Computers. ^ P computers makes people demand less printers. The Expenditure. Income Elasticity of Demand. Cross-price. Elasticity of. Demand. Unit 7. Elasticities of Demand. Economics - 6th year. EURSC. 2007/2008. ECS 1500 Introduction to Economics Boston | UNISA 2015 Unit 5: Elasticity Errol Goetsch 078 573 5046 errol@xe4.org Lorraine 082 770 4569 lg@xe4.org Elasticity is a central concept in economics, and can be applied in many situations. Find videos on elasticity here. Economic Department, Saint Louis University. Instructor: Xi Wang Elasticity, Demand curve. • Elasticity Background: Motivation of Elasticity. • Elasticity PDF | This paper try to explain the concept of elasticity of demand, the type of elasticity Article (PDF Available) in Journal of International Trade and Economic The price elasticity of supply measures how responsive the market it is to price the demand for maize is very elastic (flatter), a small increase in the price of The price elasticity of supply measures how responsive the market it is to price the demand for maize is very elastic (flatter), a small increase in the price of