https://padlet.com/mrehan13876/bicfqrmvnx4hvnsq en-us 2020-11-16 06:43:44 UTC 2024-10-09 15:20:22 UTC hello@padlet.com https://padlet.com/mrehan13876/bicfqrmvnx4hvnsq/wish/926069523 2020-11-16 07:23:15 UTC https://padlet.com/mrehan13876/bicfqrmvnx4hvnsq/wish/926069523 https://padlet.com/mrehan13876/bicfqrmvnx4hvnsq/wish/926071672 - define ped, give its formula 
- define the elasticities of ped (5)
- give the factors that could cause ped to change
- through advertisement (to make it more inelastic)
- advertisement can also differenciate it from its substitutes (make the ped more inelastic) 
-businesses can reduce prices (to decrease the proportion of income spent so then the elasticity will become more inelastic) 
- r & d
- create brand loyalty 


]]> 2020-11-16 07:24:07 UTC https://padlet.com/mrehan13876/bicfqrmvnx4hvnsq/wish/926071672 https://padlet.com/mrehan13876/bicfqrmvnx4hvnsq/wish/926071895 - definition of PED 
- formula 
- define elasticity, inelasticity and give ranges of the numbers ]]> 2020-11-16 07:24:12 UTC https://padlet.com/mrehan13876/bicfqrmvnx4hvnsq/wish/926071895 https://padlet.com/mrehan13876/bicfqrmvnx4hvnsq/wish/926076508 Define PED and give the formula 
State what determines the PED and what can change the PED
Why would businesses want to change the price elasticity for their product
How can businesses attempt to change the price elasticity for their product

]]> 2020-11-16 07:26:05 UTC https://padlet.com/mrehan13876/bicfqrmvnx4hvnsq/wish/926076508 https://padlet.com/mrehan13876/bicfqrmvnx4hvnsq/wish/926077809 2020-11-16 07:26:38 UTC https://padlet.com/mrehan13876/bicfqrmvnx4hvnsq/wish/926077809 https://padlet.com/mrehan13876/bicfqrmvnx4hvnsq/wish/926078976 2020-11-16 07:27:08 UTC https://padlet.com/mrehan13876/bicfqrmvnx4hvnsq/wish/926078976 https://padlet.com/mrehan13876/bicfqrmvnx4hvnsq/wish/926080565 2020-11-16 07:27:47 UTC https://padlet.com/mrehan13876/bicfqrmvnx4hvnsq/wish/926080565 mrehan13876 https://padlet.com/mrehan13876/bicfqrmvnx4hvnsq/wish/926080662 2020-11-16 07:27:49 UTC https://padlet.com/mrehan13876/bicfqrmvnx4hvnsq/wish/926080662 https://padlet.com/mrehan13876/bicfqrmvnx4hvnsq/wish/926081862 Definition of ped 
Define elasticities of ped 
determinants of ped

]]> 2020-11-16 07:28:18 UTC https://padlet.com/mrehan13876/bicfqrmvnx4hvnsq/wish/926081862 https://padlet.com/mrehan13876/bicfqrmvnx4hvnsq/wish/926082423 2020-11-16 07:28:31 UTC https://padlet.com/mrehan13876/bicfqrmvnx4hvnsq/wish/926082423 ssattar13956 https://padlet.com/mrehan13876/bicfqrmvnx4hvnsq/wish/926083094 2020-11-16 07:28:49 UTC https://padlet.com/mrehan13876/bicfqrmvnx4hvnsq/wish/926083094 https://padlet.com/mrehan13876/bicfqrmvnx4hvnsq/wish/926083716 2020-11-16 07:29:05 UTC https://padlet.com/mrehan13876/bicfqrmvnx4hvnsq/wish/926083716 https://padlet.com/mrehan13876/bicfqrmvnx4hvnsq/wish/926085701 -define ped and give its formula
-mention 5 elasticities
-factots that could change ped]]> 2020-11-16 07:29:56 UTC https://padlet.com/mrehan13876/bicfqrmvnx4hvnsq/wish/926085701 https://padlet.com/mrehan13876/bicfqrmvnx4hvnsq/wish/926089831 1.Define ped and formula
2.define elasticies (5)
3.give factors affecting ped
4.advertising fo make more inelastic 
5.advertising can differentiate iy from its substitutes to make inelastic
6. businesses can lower price to make it inelastic
7. R&D
8.However firms may want elastic ped to increase market share 
9. This is as lowering prices can increase output]]> 2020-11-16 07:31:39 UTC https://padlet.com/mrehan13876/bicfqrmvnx4hvnsq/wish/926089831 https://padlet.com/mrehan13876/bicfqrmvnx4hvnsq/wish/926090420 iman irfanullah]]> 2020-11-16 07:31:53 UTC https://padlet.com/mrehan13876/bicfqrmvnx4hvnsq/wish/926090420 https://padlet.com/mrehan13876/bicfqrmvnx4hvnsq/wish/926090732 Natascha]]> 2020-11-16 07:32:00 UTC https://padlet.com/mrehan13876/bicfqrmvnx4hvnsq/wish/926090732 https://padlet.com/mrehan13876/bicfqrmvnx4hvnsq/wish/926090764 - Define PED (Formula included)
- PED could be increased by more advertising, brand loyalty an
- Businesses would want to change the elasticity so they can maximise revenue (Explain how e.g elastic low prices higher revenue)]]> 2020-11-16 07:32:01 UTC https://padlet.com/mrehan13876/bicfqrmvnx4hvnsq/wish/926090764