Elasticity - Characteristics that determine elasticity
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Uploader Comments (mjmfoodie)
All Comments (15)
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ur demand will be inelastic........thanks for taeching me!
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It was great to see a face to go with the voice I've been listening to in all your videos. ;-) Would being able to choose among several different neighborhood gas stations count as having substitutes? In Hawaii, a lack of competition creates prices that go up with supply costs but never go down with supply savings (eg, crude oil prices decrease).
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Thank you.... U r helping us
6 months ago 2
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Wow, how nice to see you Doc!
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hi!! can you do a video on characteristics and all about elasticity of supply? i just cant put myself into sellers shoes! Thank you!!~
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These videos are soooo helpful, it just makes the reading part jump off the page and make more sense.
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I can see myself going to your videos throughout my entire college career and beyond!
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It appeared as though you selected mid-grade gas vice the lower price gas. with the economy the way it is, what made you choose the grade you chose?
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It was great to see a face to go with the voice I've been listening to in all your videos. ;-) Would being able to choose among several different neighborhood gas stations count as having substitutes? In Hawaii, a lack of competition creates prices that go up with supply costs but never go down with supply savings (eg, crude oil prices decrease). Honolulu Star-Bulletin, "Gas goes up, stays up"
seadragon36 3 months ago 2
@seadragon36 Yes; that would be narrowing the definition of the demand you are looking at to the demand for gas at one station (which is much more elastic than overall demand for all gas in the market).
mjmfoodie 3 months ago