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  2. Price elasticity of demand - Wikipedia

    en.wikipedia.org/wiki/Price_elasticity_of_demand

    Breadth of definition: The broader the definition of a good (or service), the lower the elasticity, because it is no longer possible to . For example, McDonalds hamburgers will probably have a relatively high elasticity of demand (as customers can switch to other fast-food options), whereas food in general will have an extremely low elasticity ...

  3. Elasticity (economics) - Wikipedia

    en.wikipedia.org/wiki/Elasticity_(economics)

    If supply elasticity is zero, the supply of a good supplied is "totally inelastic", and the quantity supplied is fixed. It is calculated by dividing the percentage change in quantity supplied by the percentage change in price. [15] The supply is said to be inelastic when the change in the prices leads to small changes in the quantity of supply.

  4. Income elasticity of demand - Wikipedia

    en.wikipedia.org/wiki/Income_elasticity_of_demand

    In economics, the income elasticity of demand (YED) is the responsivenesses of the quantity demanded for a good to a change in consumer income.It is measured as the ratio of the percentage change in quantity demanded to the percentage change in income.

  5. Inferior good - Wikipedia

    en.wikipedia.org/wiki/Inferior_good

    Engels curves showing income elasticity of demand (YED) of normal goods (comprising luxury (red) and necessity goods (yellow)), perfectly inelastic (green) and inferior goods (blue) In economics, inferior goods are goods whose demand decreases when consumer income rises (or demand increases when consumer income decreases).

  6. Markup rule - Wikipedia

    en.wikipedia.org/wiki/Markup_rule

    On the other hand, a competitive firm by definition faces a perfectly elastic demand; hence it has = which means that it sets the quantity such that marginal cost equals the price. The rule also implies that, absent menu costs , a firm with market power will never choose a point on the inelastic portion of its demand curve (where ϵ ≥ − 1 ...

  7. These are the pedophile symbols you need to know to protect ...

    www.aol.com/news/2016-04-26-these-are-the...

    In March, a mother was horrified to find a pedophile symbol on a toy she bought for her daughter. Although the symbol was not intentionally placed on the toy by the company who manufactured the ...

  8. Report: Indiana QB Kurtis Rourke 'believed' to have played ...

    www.aol.com/report-indiana-qb-kurtis-rourke...

    If Rourke played the entire season with a torn ACL, it would be a remarkable footnote to the best year in Indiana history. The Hoosiers went 11-1 in the regular season and made the College ...

  9. Oklahoma Mother Arrested After Baby Is Abandoned at Florida ...

    www.aol.com/oklahoma-mother-arrested-baby...

    An Oklahoma woman was arrested on Tuesday, Dec. 24 after her baby was allegedly abandoned at a Florida hotel and casino. Rubi Verduzco, 29, was taken into custody on two counts of felony child ...