Core Concept: What Is Price Elasticity of Demand And Supply? | Ep. 465
The Property Academy Podcast - A podcast by Opes Partners
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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.
