Economics Survey (NZers only)

[Regan]

Hey guys have to do an assignment for economics which requires data collection (survey) I'd really appreciate it if you could fill it out (if you live in NZ) Won't even take a minute. Thanks

https://docs.google.com/forms/d/18rO_YSivv-bjalooFrNoWOBCr-hDJniLUm43zIYsUG0/viewform

 

[TRF Mr Fish]

Elasticity of demand?

 

[William18]

It's an economic concept. It is to do with how you change consumption in response to a price change. In his example, petrol is considered to be inelastic because a large increase in price will not have a large decrease in quantity (at least in the short run).

I did the survey. I get the bus and don't own a car though so always demand 0 litres. I remember doing the same assignment a few years ago. I think I just made up all my data in the end. Data collection isn't my thing.

 

[Regan]

It's an economic concept. It is to do with how you change consumption in response to a price change. In his example, petrol is considered to be inelastic because a large increase in price will not have a large decrease in quantity (at least in the short run).

I did the survey. I get the bus and don't own a car though so always demand 0 litres. I remember doing the same assignment a few years ago. I think I just made up all my data in the end. Data collection isn't my thing.

100% correct.

Yeah I hate data collection too luckily I got the required sample size so a big thank you to anyone that filled it out