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Calculating the Elasticity of Demand
15:52
YouTubeMarginal Revolution University
Calculating the Elasticity of Demand
Elasticity of demand is equal to the percentage change of quantity demanded divided by percentage change in price. In this video, we go over specific terminology and notation, including how to use the midpoint formula. We apply elasticity of demand to the war on drugs, and more broadly to the prohibition of a good when it has an elastic demand ...
1.4M viewsJan 28, 2015
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PE Ratio Explained Simply | Finance in 5 Minutes!
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PE Ratio Explained Simply | Finance in 5 Minutes!
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The Price is Right - Let's Play Plinko
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The Price is Right - Let's Play Plinko
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Price Ceiling and Price Floor | Think Econ
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Introduction to price elasticity of demand | APⓇ Microeconomics | Khan Academy
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