ACDC Leadership
Elastic and Inelastic Demand for Monopolies- Micro Topic 4.1 (Part 2 of 2)
My 60ish second explanation of how to identify the elastic and inelastic range of the demand curve for a monopoly. When MR is positive the demand is elastic and when it is negative the demand is inelastic. If you don't remember the total...
ACDC Leadership
Home Alone- EconMovies #18- Elasticity and Price Discrimination
The holidays are coming up so I decided to analyze the economics in Home Alone. In this episode I talk about elastic demand, inelastic demand, the pricing strategies of businesses, and price discrimination. Who knew that all that stuff...
ACDC Leadership
Elasticity of Demand- Micro Topic 2.3
Why don't gas stations have sales? I explain elasticity of demand and the differnce between inelastic and elastic. I also cover the total revenue test and give you a little trick to remember it. Thanks for watching.
Curated Video
Understanding Elasticity: The Difference between Elastic and Inelastic Demand
This video lecture explains the concept of elasticity and focuses on the difference between elastic and inelastic demand. The lecture also covers the basic formula for price elasticity of demand (PD) and how to interpret PD values,...
ACDC Leadership
The Kinked Demand Curve: Econ Concepts in 60 Seconds
My 60 second explanation of non-colluding oligopolies and the kinked demand curve model. Remember that if you raise your price your demand will be elastic and if you lower your price demand will be inelastic.
Curated Video
Understanding Price Elasticity of Demand for Business Forecasting
In this video lecture, the concept of price elasticity of demand (PED) is explained, which allows businesses to measure the responsiveness of the quantity demanded of a product to a change in price. The lecturer uses a graphical example...
Cerebellum
Marketing: Pricing Strategies
Types of Pricing and how this affects marketing. This is part 3 in the series: 'Marketing: Target Consumers'.
ACDC Leadership
Micro 2.10 Total Revenue Test and Elasticity Review: Econ Concepts in 60 Seconds
Mr. Clifford's 60 second explanation of the total revenue tests. It shows what happens to total revenue when price changes for products with inelastic or elastic demand.
ACDC Leadership
Elasticity Practice- Supply and Demand
Thanks for watching! In this video I explain the total revenue test, elasticity of demand, elasticity of supply, cross-price elasticity, and income elasticity. Make sure to pause the video and try to answer the seven questions on your own.
Jacob Clifford
Elastic and Inelastic Range of Demand for Monopolies
What are the elastic and inelastic ranges of a demand curve in imperfect competition, and how can you tell?
Sophia Learning
Sophia: Elasticity of Demand
Through illustrated notes and a corresponding video, students will gain an understanding of the concept of elasticity of demand. [9:35]