No Bull Economics Lessons

Macroeconomics & Microeconomics Concepts You Must Know

Essential Questions

What does elasticity measure?

Posted on February 11, 2016 at 7:50 AM

In this No Bull Economics lesson, we discuss how to measure the responsiveness, or elasticity, of anything. This video refers to the price elasticity of demand, price elasticity of supply, income elasticity of demand, cross price elasticity of demand, wage elasticity of demand, wage elasticity of supply, interest rate elasticity of savings, and interest rate elasticity of borrowing. After looking at these basic elasticity formulas, you will definitely see a pattern!

You need Adobe Flash Player to view this content.


Categories: AP Microeconomics, Micro Unit 1 Basic Economic Concepts

Post a Comment

Oops!

Oops, you forgot something.

Oops!

The words you entered did not match the given text. Please try again.

You must be a member to comment on this page. Sign In or Register

0 Comments

iPhone Apps by Mr. Medico

   


Mr. Medico's Review Books (Paperback)