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\nUnderstanding Price Elasticity of Demand - Characteristics of Demand Curves\n

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\nThis video is a lesson on the price elasticity of demand and the characteristics of demand curves. The instructor explains how to calculate price elasticity of demand and defines the terms elastic and inelastic. The video also covers how...\nThis video is a lesson on the price elasticity of demand and the characteristics of demand curves. The instructor explains how to calculate price elasticity of demand and defines the terms elastic and inelastic. The video also covers how the price elasticity of demand changes along a demand curve and discusses the special cases of a linear demand curve, a rectangular hyperbola, a perfectly elastic demand curve, and a perfectly inelastic demand curve.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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19:21
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Grade
12th - Higher Ed
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Subjects
Social Studies & History
3 more...
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Media Type
Instructional Videos
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Source:
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\nKnowMo Economics\n\n
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Date
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2018
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Concepts

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economics, elasticity, graphs, demand curve, area, demand, equilibrium
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Additional Tags

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a-level, lectures, micro, 3.1d, ped, within, price elastic, price rise, rectangular hyperbola, red area, green area, higher price, special type, quantity access, proportionate change, expenditure due, initial equilibrium, quantity demanded, total expenditure, perfectly inelastic, quantity falls, price inelastic, price axis, demanded, total, curve, price, quantity, change, expenditure, characteristics, part
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Classroom Considerations

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Best For: Explaining a topic
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