Episode 16: Elasticity of Demand
Economy | Information | History | Online | Facts | World | Global | Money
We know that consumers will react to price changes, but how MUCH will they react? Knowing this is important to business owners and policymakers. "Episode 16: Elasticity of Demand" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Comments
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I will score a 100/100 if my teacher teaches like that ! AWESOME! I have my exam tomorrow and god thank you! Please make more videos if you can. You can make my GPA!
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thank you
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superb explanation
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Macro
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Mr. Fisher brought me here
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What a great explanation. Thank you so much!
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CAN I HIRE YOU TO REPLACE MY ECON TEACHER?!?!?! I SERIOUSLY THINK YOU'RE SO MUCH BETTER THAN HER! LOVE YOUU THANK YOUU
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Great video! My only question is what does the elasticity number tell me about people's responsiveness? When the number is negative does that mean people are less likely to stop buying and vise versa?
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So much better than our arrogant Economics teacher. Ugh >_<
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Thank you so much!!
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Oh my God I love you
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so easy to understand!
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WOW! I've been trying to figure this out through an online course and couldn't. A 9 minute session with you and I'm golden. Thanks!
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Good video! This is a very intuitive explanation with the key numbers to remember as well!
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wow that was so easy to understand! You really taught this topic well in this video, so thank you!
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oh my god. who needs textbooks when we have u
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good one!
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Such an amazing way to learn. Thank you very much.
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OOOOooohhhh.
I thought "Inelastic", when concerning demand, meant that that's the point at which people won't buy the product.
Thanks, Mjmfoodie! -
Thank you, easy to understand. Trying to follow my Econ instructor is like a dog trying to follow Hawking explain Quantum Mechanics.
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