Guys and all the pakwheels any one pls help me in this question because i have my economics paper tommaro!!!!!!
(1)what is meant by the phrase high price Elasticy of demand?
Ive seached every where but couldnt find the answer!!!!
Thanks
i dont have time to explain it right now..but for a general reference, http://economics.about.com/cs/micfrohelp/a/priceelasticity.htm