Type of elasticity | |||||||
---|---|---|---|---|---|---|---|
Region | Price Elasticity of Demand (PED) | Income Elasticity of Demand (YED) | Price Elasticity of Supply (PES) | Cross-price Elasticity of Demand (XED) | Other elasticities | ||
UK | 1 | ||||||
Central / Western Europe | 6 | 3 | |||||
Northern Europe | 2 | 4 | 1 | ||||
Other Western Economies | 8 | 6 | 3 | 1 | |||
Multiple Regions | 9 | 11 | 2 | 2 |
UK | |
---|---|
Price Elasticity of Demand (PED) | 1 |
Income Elasticity of Demand (YED) | |
Price Elasticity of Supply (PES) | |
Cross-price Elasticity of Demand (XED) | |
Other elasticities |
Central / Western Europe | |
---|---|
Price Elasticity of Demand (PED) | 6 |
Income Elasticity of Demand (YED) | 3 |
Price Elasticity of Supply (PES) | |
Cross-price Elasticity of Demand (XED) | |
Other elasticities |
Northern Europe | |
---|---|
Price Elasticity of Demand (PED) | 2 |
Income Elasticity of Demand (YED) | 4 |
Price Elasticity of Supply (PES) | |
Cross-price Elasticity of Demand (XED) | |
Other elasticities | 1 |
Other Western Economies | |
---|---|
Price Elasticity of Demand (PED) | 8 |
Income Elasticity of Demand (YED) | 6 |
Price Elasticity of Supply (PES) | |
Cross-price Elasticity of Demand (XED) | 3 |
Other elasticities | 1 |
Multiple Regions | |
---|---|
Price Elasticity of Demand (PED) | 9 |
Income Elasticity of Demand (YED) | 11 |
Price Elasticity of Supply (PES) | |
Cross-price Elasticity of Demand (XED) | 2 |
Other elasticities | 2 |