Blog
From heart transplants to watermelons - elasticity of demand
5th October 2010
Here is a super blog by Jason Welker on aspects of price elasticity of demand - offering some great examples of where demand is either likely to be highly elastic to where consumers are almost immune to changes in the market price.
For another take on price elasticity of demand, a recent Freakonomics blog post looks at pricing for new album releases. A Record Label That Believes in You