https://gdpark.blog/tags/demand/Recent content in Demand on gdpark.blogHugoenWed, 13 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-05-types-of-elasticity/Wed, 13 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-05-types-of-elasticity/Elasticity isn’t the same as a derivative — here’s why, plus a breakdown of price elasticity of demand and why the value can differ at every single point on the curve.https://gdpark.blog/posts/microeconomics-06-long-run-and-short-run-elasticity/Wed, 13 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-06-long-run-and-short-run-elasticity/Elasticity isn’t a fixed number — oil demand can be inelastic short-term but flip elastic long-run, and durable goods like airplanes can do the exact opposite.