Elasticity of Demand And Supply
The focus of this lecture is the elasticity. Students will learn about
the price elasticity of demand, price elasticity of supply, cross elasticity
and income elasticity.
1. Understand the definition of elasticity.
2. Be able to compute the elasticity coefficients.
3. Analyze the elasticity characteristics.
4. Illustrate the determinants of the elasticity.
5. Explain the total revenue test and understand the relationship between
total revenue and price elasticity of demand.
Please read all the lectures by clicking on the
PRICE ELASTICITY OF DEMAND
DETERMINANTS OF Ed
ELASTICITY OF SUPPLY
ELASTICITY OF DEMAND
INCOME ELASTICITY OF DEMAND