Price Elasticity of Demand
28:23
YouTubeAnna Terzyan, PhD.
Price Elasticity of Demand
What is Elasticity? This lecture introduces elasticity as a measure of how responsive one variable is to changes in another—focusing on how quantity demanded or supplied reacts to its determinants. Price Elasticity of Demand Learn how to calculate the price elasticity of demand and understand how quantity demanded changes when prices rise or ...
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