Textbook notes
ECON1: Elasticity and its Application
- Course
- Microeconomics (ECON1)
- Institution
- University Of California - Santa Barbara
Overview of Price Elasticity of Demand and what influences it. Breaks down the definitions of price elasticity of demand and supply. Also breakdown the formulas associated with the price elasticity of demand as well as the midpoint formula, which is commonly used. Discusses the differences between ...
[Show more]