Price Elasticity of Demand - part 1

What this important concept in economics means and how PED values are calculated and interpreted

Category:

Education

Tags:

• economics
• price
• elasticity
• demand
• a-level
• holden
• business
• management
• marketing

[RockaRolla74]

I was struggling quite a lot and was frustrated while trying to figure this out. But I got it now, thank you!

[westonsupermarefm]

you look a chubby berbatov.

[BecksBecky4ever]

really good! and explained very well and simple

[DietCokeMan2009]

This was incredibly helpful!! I am studying Intermediate Micro and did not understand elasticity well. Can you elaborate on the equation Q = a - bp ?

[AlvaroGooner95]

Hopefully you can help me, because I'm going to get neeched tomorrow in my Econ exam :) 

[ochichas02]

thank you i learn alot on this video :)

[watchinvidsx235]

@westonsupermarefm shut up man, he's helping people, go suck on a lemon

[ElliotDWhite]

I'm going to cut this.... not.  ;D

Thanks for the help, best teacher ever!!

[georgemullens]

thanks so much, I've been finding it very difficult to study economics just because of the sheer amount of topics, this is both concise and well explained. Thanks.

[butbut0123]

it's brilliant!;p