Talk:Cross elasticity of demand: Difference between revisions
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→What is A, what is B?: notes that usage is inconsistent |
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{{WikiProject Economics|importance=Low}} |
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why is cross elasticity of demand important to an economy? |
why is cross elasticity of demand important to an economy? |
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:Measures the degree of substitutability/complementariness--[[User:Voidvector|Voidvector]] 06:19, Nov 8, 2004 (UTC) |
:Measures the degree of substitutability/complementariness--[[User:Voidvector|Voidvector]] 06:19, Nov 8, 2004 (UTC) |
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:because if an enterprise wants to sell cars for 38888 Euro and suddently the seatbelts price increases and goes from 10 Euro to 69 euro then the car price will increace two !!!! daa.... |
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== New Diagram == |
== New Diagram == |
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Hello, can anyone check if the new diagram that I have added is correct? Thanks. [[User:Wykis|wykis]] 15:17, 14 October 2007 (UTC) |
Hello, can anyone check if the new diagram that I have added is correct? Thanks. [[User:Wykis|wykis]] 15:17, 14 October 2007 (UTC) |
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Thanks for the diagram, it helps make the concept clearer. However, isn't price usually on the y-axis, and quantity demanded on the x-axis? ([[Special:Contributions/219.83.0.33|219.83.0.33]] ([[User talk:219.83.0.33|talk]]) 11:20, 29 May 2008 (UTC)) |
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== What is A, what is B? == |
== What is A, what is B? == |
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* I think that just about every variable in the second equation needs to be quantified. What is term on the left of the second equation and how does it relate to the term on the left of the first equation? When an equation is used every term should be quantified, otherwise it becomes meaningless and will cause huge amounts of confusion to readers. [[User:Woood|Woood]] ([[User talk:Woood|talk]]) 04:37, 30 December 2007 (UTC) |
* I think that just about every variable in the second equation needs to be quantified. What is term on the left of the second equation and how does it relate to the term on the left of the first equation? When an equation is used every term should be quantified, otherwise it becomes meaningless and will cause huge amounts of confusion to readers. [[User:Woood|Woood]] ([[User talk:Woood|talk]]) 04:37, 30 December 2007 (UTC) |
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It doesn't help that A and B in the introduction are the other way around in the rest of the article. (And we should be told what P and Q are.) [[User:AndrewKay|akay]] ([[User talk:AndrewKay|talk]]) 16:20, 11 April 2024 (UTC) |
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Latest revision as of 16:21, 11 April 2024
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why is cross elasticity of demand important to an economy?
- Measures the degree of substitutability/complementariness--Voidvector 06:19, Nov 8, 2004 (UTC)
- because if an enterprise wants to sell cars for 38888 Euro and suddently the seatbelts price increases and goes from 10 Euro to 69 euro then the car price will increace two !!!! daa....
New Diagram
[edit]Hello, can anyone check if the new diagram that I have added is correct? Thanks. wykis 15:17, 14 October 2007 (UTC)
Thanks for the diagram, it helps make the concept clearer. However, isn't price usually on the y-axis, and quantity demanded on the x-axis? (219.83.0.33 (talk) 11:20, 29 May 2008 (UTC))
What is A, what is B?
[edit]Somebody please explain what the A and B in the equation stand for. Thanks. --Cryout 22:03, 15 October 2007 (UTC)
- I think that just about every variable in the second equation needs to be quantified. What is term on the left of the second equation and how does it relate to the term on the left of the first equation? When an equation is used every term should be quantified, otherwise it becomes meaningless and will cause huge amounts of confusion to readers. Woood (talk) 04:37, 30 December 2007 (UTC)
It doesn't help that A and B in the introduction are the other way around in the rest of the article. (And we should be told what P and Q are.) akay (talk) 16:20, 11 April 2024 (UTC)