Price Elasticity of Demand (PED) - own price elasticity
Loading...
Loading...
2,854
Loading...
Uploader Comments (economicsfun)
see all
All Comments (5)
-
our teacher tested us on this without even covering this - multiple elasticities on one demand curve and calculating revenue. Thank God for youtube!
-
Thank you so so so much!! :)
-
Thank you! my teacher could not explain this as well as you. :)
Loading...
6 videosElasticity Used In Economics- 7:46
Price Elasticity of Supply (PES)by economicsfun2,842 views
- 6:22
Marginal Revenue and Price Elasticity of Demand Mathby economicsfun1,088 views
- 4:11
Inelastic and Elastic Demand Economicsby economicsfun12,372 views
- 4:27
Calculating Price Floors and Price Ceilingsby economicsfun781 views
- 10:19
Marginal Utility and Marginal Rate of Substitution (MRS) Using Calculusby economicsfun2,373 views
- 6:11
The Price Elasticity of Demand 2 - Calculationsby TheWyvern664,909 views
- 8:47
Calculations with Elasticitiesby TheWyvern66992 views
- 7:02
Cross Price Elasticity of Demand - Exampleby jsearcysfc1,737 views
- 2:50
Cross Price Elasticity of Demand- Economics- Elasticityby Killer7ess2,318 views
- 9:48
The Price Elasticity of Supplyby TheWyvern661,807 views
- 3:17
Price Elasticity of Demandby IBSEconomics1,750 views
- 1:56
Elasticity of Supplyby ProfArvan1,364 views
- 3:57
Economics Quantity Demand and Quantity Supplied Economicsby economicsfun2,221 views
- 1:02
Economics Lesson on Price Elasticity of Demand and Supplyby marcapuren10,563 views
- 8:54
The Price Elasticity of Demand 3 - Straight Line Demand Curveby TheWyvern661,967 views
- 7:31
Own Price Elasticity of Demand - Example #2by jsearcysfc365 views
- 7:22
Price Ceilings Consumer Surplus and Producer Surplus with numbersby economicsfun3,245 views
- 7:01
The Song about Elasticityby saroja117680 views
- 3:42
Elasticity and Revenueby ProfArvan450 views
- 3:43
Economcs Substitution Effect Economicsby economicsfun13,790 views
why do you remove the negative sign? I don't get it
wendysuck 4 months ago
@wendysuck In the end the negative sign is removed for convenience and hopefully ease of understanding. The PED is always "negative" but often the sign is removed so we can easily compare PED at different levels. This makes it easier (hopefully) then if PED less than 1 it is inelastic and greater than 1 PED is elastic. It may be confusing if there were negative signs too.
economicsfun 4 months ago