Elasticity Part 4

[Monicallccgg]

i luv these videos!!!it really help me to understand the elasticity!!!!!

[LucyLabrador1]

1 person doesnt get economics.

[CreamyzZ]

Hi, I'm currently doing STPM which is the equivalent of A-Levels in Malaysia..I've watched all 4 of your elasticity videos and I'm really really thankful that you posted these up! You did a much better job than my teacher aaand my textbook.

mch love! :D

[cinqueottavi]

hope you became milionair

[beckham7england4ever]

Thank you very much for making these tutorials :) I learnt a lot from them!!

[martospain]

A good one :)

[USAMADE69]

THANKS.

[Samiaan]

You are the best teacher i found After Hassan McNeil>>>>AMazing

[lievin3]

thanks a lot !

[punkx3cabaret]

These videos are insanely helpful, it was very generous of you to give your time to help us understand economics better

[zcwoods]

Thanks, that is exactly what I was looking for.

[Mrbalaatyt]

Hi, The Price elasticity of Supply makes sense.

I got one question here. There are 3 factors influences Price Ealsticity of Demand. They are 1) Availability or closeness of substitutes 2) the relative amount spent on the good 3) Time since the price of change takes place

As Supply always depends on demand, my understanding is that, Supply also depnes on those 3 factors.

But I read that, only 1st and 3rd are the only factors which influence Supply. Why it doesn't depend on 2nd factor?