Blog

How motorists are saving fuel – elasticity of demand

Jim Riley

9th March 2011

Here is a great article to use for a lesson on elasticity of demand. We all know that demand for petrol is inelastic as it is a necessity, but as prices keep on increasing, people are starting to go to greater lengths to reduce their consumption.

Jim Riley

Jim co-founded tutor2u alongside his twin brother Geoff! Jim is a well-known Business writer and presenter as well as being one of the UK's leading educational technology entrepreneurs.

You might also like

© 2002-2024 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.

Back to top