挑戰!
挑戰甚麼?last week in the accounting class i challenged Russel about his incorrect knowledge about price elasticity. =.=" he really said it wrong. the price elasticity is really measuring customers' reactions to price change. if they react drastically to price change then it is elastic. but Russel said gas price is elastic because people have to buy it no matter what the price is, so it is elastic... =.=" it is really inelastic to price man.......
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今天Charles挑戰我的公權力
沒經過我允許就找一堆朋友來家裡party
就是罰你一星期不准玩電腦, 不准出去完, 不准找朋友來家裡. 怎樣?
posted by 星旋 @ 11:53 PM
5 Comments:
next time u should challenge ur dad when he gives u shit...
like me... it will piss him right off but he can't do anything with me...~~~ muwahahah
Yes Shirley you're correct.
Gas price is inelastic. Consumer demand is relatively stable no matter how much the price fluctuates.
I thought you guys learn this in Microeconomics 101? You're still doing this in MBA?!
dear cory
price elasticity is a very important concept in MBA level...
in economics, marketing, accounting.... price elasticity will always be tested on.... price elasticity, advertising elasticity, cross price elasticity, income effect.....
Ah I see Shirley... haha... if you didn't elaborate then I didn't have known. That's good! I just personally don't find economics exciting or useful. Good to know. Strategic Management - Now THAT's an MBA course that brings my engine on! ^_^V
bad charles...
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