JC Economics Tuition Notes
Price Elasticity of
Demand and Supply

Following the study on the Theory of Demand and Supply, it is imperative to analyse the extent of change in price and quantity of goods and services in various markets. In particular, our economics tuition will cover Price Elasticity of Demand and Supply, which involves the comprehension of determinants that affect Price Elasticity of Demand (PED) and Price Elasticity of Supply (PES). Based on these two economics concepts, you can then find out how producers conduct their price and market strategies to maximise total revenue and attain other aims.