Elasticity is a term used in economics to describe responsiveness in one variable to changes in another. Typically, elasticity is used to describe how much demand for a product changes as its ...

Corts, Kenneth S., and Jan W. Rivkin. "A Note on Microeconomics for Strategists." Harvard Business School Background Note 799-128, March 1999. (Revised January 2000.) ...

as well as applications of the tools of microeconomics to concrete economic problems. We will analyse the demand and supply side in depth, then bring the two sides together in the analysis of general ...