Friday, September 15, 2006

Unit 1: Elasticity of demand

Look at this brief article and then ask yourself

1. What do the car park owners believe the demand for their product to be?
2. What do you think will happen to the revenue of the car park operators?
3. Show these changes in price/revenue on a diagram

http://news.bbc.co.uk/1/hi/england/lincolnshire/5138936.stm

No comments: