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Well Come
To
the Class
presentation Jadhav suvarna
EE21B043
Electrical Engineering
Now I want to present an
interesting topic which is very
easy and very thikable and
useful for knowing about
marketing is Elasticity of
demand.
To know the elasticity of demand
first we want to know about
demand and the demand from
Demand
Demand is the quantity of
consumers who are willing
and able to buy products at
various prices during a given
period of time. Demand for
any commodity implies the
consumers’ desire to acquire
In the simplest form we can say
that demand is
Desire to acquire it
Willing to pay for it and
Ability to pay for it.
The demand is from the
managerial economics part of
economics.
It is the demand and now iam
Elasticity of demand
 The Elasticity of demand shows variation in demand
with respect to change in some other factors such
as price and income.
 Elasticity of demand=change in demand/change in
factors(price and income).
 Elasticity of demand is an important variation on
the concept of demand.
 Now we have to discuss ‘Price elasticity of demand’
Price elasticity of demand
 It describes that the percent change in quantity
demand with respect to percent change in price.
Variation in price elasticity of demand
 Demand can be classified as elastic,
perfect elastic,unit elastic, inelastic and
perfect inelastic.
 Elastic demand in price elasticity of
demand:
it means ,the demand for a product is
sensitive to price change.for example selling
price of a product is increases,there will be
fewer units sold.if selling price of a product
is decreases,there will be an increase in the
number of units sold.
The above graph shows the decrease in
demand from Q1 to Q2 due to increase in
price from P1 to P2.
In this case the elasticity of demand
become greater than 1 .The quantity of
demanded responded responds strongly to
changes in the price.
THANK YOU

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EE21B043.pptx

  • 1. Well Come To the Class presentation Jadhav suvarna EE21B043 Electrical Engineering
  • 2. Now I want to present an interesting topic which is very easy and very thikable and useful for knowing about marketing is Elasticity of demand. To know the elasticity of demand first we want to know about demand and the demand from
  • 3. Demand Demand is the quantity of consumers who are willing and able to buy products at various prices during a given period of time. Demand for any commodity implies the consumers’ desire to acquire
  • 4. In the simplest form we can say that demand is Desire to acquire it Willing to pay for it and Ability to pay for it. The demand is from the managerial economics part of economics. It is the demand and now iam
  • 5. Elasticity of demand  The Elasticity of demand shows variation in demand with respect to change in some other factors such as price and income.  Elasticity of demand=change in demand/change in factors(price and income).  Elasticity of demand is an important variation on the concept of demand.  Now we have to discuss ‘Price elasticity of demand’ Price elasticity of demand  It describes that the percent change in quantity demand with respect to percent change in price.
  • 6. Variation in price elasticity of demand  Demand can be classified as elastic, perfect elastic,unit elastic, inelastic and perfect inelastic.  Elastic demand in price elasticity of demand: it means ,the demand for a product is sensitive to price change.for example selling price of a product is increases,there will be fewer units sold.if selling price of a product is decreases,there will be an increase in the number of units sold.
  • 7. The above graph shows the decrease in demand from Q1 to Q2 due to increase in price from P1 to P2. In this case the elasticity of demand become greater than 1 .The quantity of demanded responded responds strongly to changes in the price. THANK YOU