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7 Elasticity part 1
Автор: Dr. Rebecca Johannsen
Загружено: 2026-01-08
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@DrRebeccaJohannsenThis lecture explores elasticity, a measure of how responsive buyers and sellers are to changes in prices and income. You’ll learn the difference between elastic and inelastic demand and why elasticity matters for revenue, taxation, and policy decisions. By the end, you’ll be able to predict how markets respond to price changes. This is part 1 and focuses mostly on price elasticity of demand.
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