Elasticity of Supply
- Title:
- Elasticity of Supply
- Description:
-
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When is a supply curve considered elastic? What are determinants of elasticity of supply? Let's compare Picasso paintings and toothpicks. Which has an elastic or inelastic supply? For which good could you increase production at a low cost? We also go over how to calculate the elasticity of supply, including using the midpoint formula.
Microeconomics Course: http://mruniversity.com/courses/principles-economics-microeconomics
Ask a question about the video: http://mruniversity.com/courses/principles-economics-microeconomics/elasticity-supply-midpoint-formula#QandA
Next video: http://mruniversity.com/courses/principles-economics-microeconomics/elasticity-example-slave-redemption-sudan
- Video Language:
- English
- Team:
- Marginal Revolution University
- Project:
- Micro
- Duration:
- 14:18
anh1970 edited Vietnamese subtitles for Elasticity of Supply | ||
anh1970 edited Vietnamese subtitles for Elasticity of Supply | ||
anh1970 edited Vietnamese subtitles for Elasticity of Supply | ||
anh1970 edited Vietnamese subtitles for Elasticity of Supply | ||
anh1970 edited Vietnamese subtitles for Elasticity of Supply | ||
anh1970 edited Vietnamese subtitles for Elasticity of Supply | ||
anh1970 edited Vietnamese subtitles for Elasticity of Supply | ||
anh1970 edited Vietnamese subtitles for Elasticity of Supply |