Blog
Mnemonic Monday
Jim Riley
25th May 2009
I intend to add a new mnemonic to this blog every Monday. Today: factors affecting price elasticity of demand.
Price elasticity of demand (SPLAT)
Substitutes
Percentage of income
Luxury or necessity
Addiction
Time
Next week: factors affecting price elasticity of supply!
You might also like
Daily Email Updates
Subscribe to our daily digest and get the day’s content delivered fresh to your inbox every morning at 7am.
Signup for emails