Elasticity of Demand
- Title:
- Elasticity of Demand
- Description:
-
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How much does quantity demanded change when price changes? By a lot or by a little? Elasticity can help us understand this question. This video covers determinants of elasticity such as availability of substitutes, time horizon, classification of goods, nature of goods (is it a necessity or a luxury?), and the size of the purchase relative to the consumer’s budget.
Microeconomics Course: http://mruniversity.com/courses/principles-economics-microeconomics
Ask a question about the video: http://mruniversity.com/courses/principles-economics-microeconomics/elasticity-demand-definition#QandA
Next video: http://mruniversity.com/courses/principles-economics-microeconomics/calculate-elasticity-demand-formula
- Video Language:
- English
- Team:
- Marginal Revolution University
- Project:
- Micro
- Duration:
- 13:37
anh1970 edited Vietnamese subtitles for Elasticity of Demand | ||
anh1970 edited Vietnamese subtitles for Elasticity of Demand | ||
Massimo Testa edited Italian subtitles for Elasticity of Demand | ||
anh1970 edited Vietnamese subtitles for Elasticity of Demand | ||
anh1970 edited Vietnamese subtitles for Elasticity of Demand | ||
anh1970 edited Vietnamese subtitles for Elasticity of Demand | ||
anh1970 edited Vietnamese subtitles for Elasticity of Demand | ||
anh1970 edited Vietnamese subtitles for Elasticity of Demand |