15 min
Core Concept: What Is Price Elasticity of Demand And Supply? | Ep. 465 The Property Academy Podcast
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- Investing
In this episode, we discuss price elasticity of demand and supply ... what they are ... and what they mean for property investors in New Zealand.
Price elasticity is a measure of how responsive quantity is to a change in price. The amount of a good that is purchased can either change a lot or a little in response to a change in price ... and understanding price elasticity helps us to predict how prices will change in the future.
If you have a topic you'd like us to discuss on the podcast, then send us a text. Our number is 5522. It would be great to hear from you.
In this episode, we discuss price elasticity of demand and supply ... what they are ... and what they mean for property investors in New Zealand.
Price elasticity is a measure of how responsive quantity is to a change in price. The amount of a good that is purchased can either change a lot or a little in response to a change in price ... and understanding price elasticity helps us to predict how prices will change in the future.
If you have a topic you'd like us to discuss on the podcast, then send us a text. Our number is 5522. It would be great to hear from you.
15 min