Added: 2 months ago
From: khanacademy
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  • I think if you do it this way (Q2-Q1/Q1)/(P2-P1/P1), it would be wrong concerning unit elastic=1, elastic>1 and inelastic<1. Is that correct?

  • I was taught this way (Q2-Q1/Q1)/(P2-P1/P1) where Q2-Q1 = Change in Q and P2-P1 = P.

    In the video he say's that we should divide both of the "changes" by the averages of the sums of what it was and what it is. hope I made sense? can anyone explain why is that?

  • @NikaKasradze The find the percentage change in Quantity and PErcentage change in price, you must use:

    Difference/Average,

    or

    (Q2-Q1)/(Q1+Q2/2)

    Same for price.

    When you get those two quantities, you divide the Quantity % change by the Price % change to get Elasticity of Demand

  • @ScienceHelpWPS thanks mate, I told that to my teacher and he said he's going to think about it. He also told me that both ways are acceptable, but he admitted that this one is better! thanks again :)

  • @iPhone3GSCase ur a joke and not a funny one either u say ur so great but in reality ur just some black guy with 200 subs with apprently 70000 on his other one ur a lier,a faggot,and don't have balls. u wanna fight bring it bitch becuse i'm ur fucking nightmare put to life. SO i'm back and i brought my balls seems u didn't.

  • When are these videos going to be uploaded on KhanAcademy? I want to earn Energy Points there, I have already watched the first 16 videos of the MicroEconomics playlist. Please, let us know! :)

  • wouldnt change in Q be 100% ?

    % change = (change in Q) / (old Q) x 100 = 2 / 2 x 100 = 100%

    or have i made a mistake?

  • @xbsl123x I don't think you have made a mistake, that was what I was taught for A-level economics :)

  • @uPhone3GSCase holy shit 240 subs u my man must be the most popular person in the world fuck u i don't have any subs becuse i have freinds so who the fuck needs 240 random people on the internet u faggot.Oh and get a life ur talking shit about subs but u only haz 200 subs dude i had that on my other channel with one video.u took alot more videos

  • @theholywand11 yeh yeh, i had 7000000 on my other channel too. fuckin dick u dont have any friends cuz ur white trash and u suck or moms dick to get paid, pussy come back when u grow some balls

  • keep up the good work Mr. Khan. nice work

  • first

  • iphone3gscase u are an asshole. if u don't like it don't comment. fool

  • Watch out! We got a badass over here! (Quite a few, actually...)

  • @iPhone3GSCase Stop insulting people on the internet. Damn, maybe you are the one who should "get a life".

  • @ShwangShwing coming from mr ching chong wing wong

  • @iPhone3GSCase You are a lost case... /ignore

  • @ShwangShwing sick guy

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