On Teaching Price Elasticity of Demand and Change in Revenue Due to Price Change - A Synthesis With and Without Calculus

2013 ◽  
Author(s):  
Jong-Shin Wei
Keyword(s):  
Price Elasticity ◽  
Price Change ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand

Price elasticity of demand for manufactured cigarettes and roll-your-own cigarettes across socioeconomic status groups in Thailand

2020 ◽  
pp. tobaccocontrol-2019-055480
Author(s):  
Jintana Jankhotkaew ◽  
Siriwan Pitayarangsarit ◽  
Surasak Chaiyasong ◽  
Kamolphat Markchang
Keyword(s):  
Socioeconomic Status ◽  
Price Elasticity ◽  
Low Income ◽  
Price Change ◽  
Tobacco Consumption ◽  
High Price ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand ◽  
Pricing Policies ◽  
Different Types

BackgroundPricing policies have been proven to be effective in reducing tobacco consumption. However, studies investigating the effectiveness of pricing policies across different types of tobacco products and socioeconomic status (SES) groups are limited, particularly in low-income and middle-income countries.ObjectiveThis study aimed to quantify the price elasticity of demand for different types of cigarettes across different SES groups.MethodsThis study used data from a nationally representative survey in Thailand conducted in 2017 and included current smokers aged at least 15 years. To quantify the price elasticity of demand for cigarette consumption, a two-part model was employed for five different types of cigarettes: domestic and imported manufactured cigarettes with a low and high price, and roll-your-own cigarettes. Personal income was used to determine SES.ResultsPrice elasticity of demand for cigarettes exists for all types of cigarettes. The price elasticity of demand for manufactured and roll-your-own cigarettes was −0.49 (p<0.05) and −0.32 (p<0.05), respectively. People who smoked domestic manufactured cigarettes were more responsive to price change than those who smoked imported manufactured cigarettes. Low-income smokers of manufactured and roll-your-own cigarettes were more responsive to price change than those with high income.ConclusionSmokers with a low income were more responsive to price change than those with higher income. The effectiveness of pricing policy in reducing demand for manufactured cigarettes was greater in domestic cigarettes than imported ones.

Illicit Drugs: Price Elasticity of Demand and Supply

2002 ◽  
Author(s):  
William Rhodes ◽  
Patrick Johnston ◽  
Song Han ◽  
Quentin McMullen ◽  
Lynne Hozik
Keyword(s):  
Price Elasticity ◽  
Illicit Drugs ◽  
Demand And Supply ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand

RESEARCH OF PRICE ELASTICITY OF DEMAND FOR PAID DENTAL SERVICES

2017 ◽  
Vol 19 (3) ◽  
pp. 78-81
Author(s):  
Je.H. Sahibgareeva ◽  
◽  
S.N. Cherkasov ◽  
A.Ju. Bragin ◽  
◽  
...  
Keyword(s):  
Price Elasticity ◽  
Dental Services ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand

On the Price Elasticity of Demand for Patents

2010 ◽  
Author(s):  
Gaétan de Rassenfosse ◽  
Bruno van Pottelsberghe de la Potterie
Keyword(s):  
Price Elasticity ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand

scholarly journals Estimating the price elasticity of demand for JUUL E-cigarettes among teens

2021 ◽  
Vol 218 ◽  
pp. 108406
Author(s):  
Jay R. Corrigan ◽  
Bailey N. Hackenberry ◽  
Victoria C. Lambert ◽  
Matthew C. Rousu ◽  
James F. Thrasher ◽  
...  
Keyword(s):  
Price Elasticity ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand

scholarly journals MACROECONOMICS OF SUBSISTENCE POINTS

2008 ◽  
Vol 12 (S1) ◽  
pp. 136-147 ◽  
Author(s):  
MORTEN O. RAVN ◽  
STEPHANIE SCHMITT-GROHÉ ◽  
MARTÍN URIBE
Keyword(s):  
Empirical Evidence ◽  
Price Elasticity ◽  
Related Literature ◽  
Consumption Good ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand

This paper explores the macroeconomic consequences of preferences displaying a subsistence point. It departs from the existing related literature by assuming that subsistence points are specific to each variety of goods rather than to the composite consumption good. We show that this simple feature makes the price elasticity of demand for individual goods procyclical. As a result, markups behave countercyclically in equilibrium. This implication is in line with the available empirical evidence.

Price Elasticity of Demand in the Secondary Market

2015 ◽  
Vol 16 (6) ◽  
pp. 557-575 ◽  
Author(s):  
Mark A. Diehl ◽  
Joel G. Maxcy ◽  
Joris Drayer
Keyword(s):  
Price Elasticity ◽  
Secondary Market ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand
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