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Economics

Price Elasticity of Demand
by

Alexandrea Ferrer

on 7 February 2011

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Transcript of Economics

What is

Price Discrimination

? Income Gender UK/EU Students
fees Overseas
fees £ 3,290 Price (£) £ 11,000 Q1 Q2 Q1 Q2 Different reasons for different
elasticities of demand: Government High Income How does the universities manages
to keep the market separated? Legislation Students would have to provide
documentary evidence of their residence status Car Insurance New driver
(aged 17, 2 months qualified)
Car 4 years old
Variable: gender of driver Quotes Female Male Difference:
£6521.28 Price Elasticity Car insurance
= necessity

Price Inelastic Thank you for
your attention! Quantity demanded
Full transcript