Throne Posted July 8, 2016 Report Share Posted July 8, 2016 Could I assume the price of a good increase in a certain extent, and to test how will the consumers respond to the change in price, in order to find out the PED? Are there any limitation? Reply Link to post Share on other sites More sharing options...
Flowing_Away Posted July 26, 2016 Report Share Posted July 26, 2016 Do you need to find PED for your Econ EE? If so, I think just doing a survey to find PED is not enough because a survey sometimes won't reflect one's real behaviour while making purchasing decisions. My Economics teacher requires me to search for second-hand data to calculate PED. Hope it is useful for you. It is just my advice. Reply Link to post Share on other sites More sharing options...
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