**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.

**OBJECTIVES**

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.

**TOPICS**

Please read all the lectures by clicking on the
following topics.

**
PRICE ELASTICITY OF DEMAND**

**
DETERMINANTS OF Ed**

**TOTAL REVENUE
TEST**

**PRICE
ELASTICITY OF SUPPLY**

**CROSS
ELASTICITY OF DEMAND**