Topic Videos
Factors affecting Price Elasticity of Demand
- Level:
- AS
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 21 Mar 2021
This short revision video looks at eight factors that can influence the coefficient of price elasticity of demand (PED) for different products.
Price elasticity of demand measures the responsiveness or sensitivity of demand for a product following a change in its own price.
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