Professor Dave Explains
Changes in Supply and Demand
We just learned about supply and demand. But how do these change over time? To answer this we must learn about elasticity. For elasticity of supply we must learn about input costs as well as supply determinants like subsidies and excise...
Jacob Clifford
Elasticity of Demand Coefficients (Cross-Price and Income Elasticity)
What is the difference between elastic and inelastic demands? Review these concepts, as well as cross prices, elasticity of supply, and income elasticity, with your class members after taking a look at this video.
Federal Reserve Bank
St. Louis Fed: Elasticity of Demand: Economic Lowdown Podcast Series, Episode 16
Podcast, episode 16 [11:46] gives us the lowdown on the law of demand, price and elasticity and how it all works in the economy. With transcript.
Khan Academy
Khan Academy: Price Elasticity: Price Elasticity of Demand
Provides an introduction to the price elasticity of demand. [13:17]
Khan Academy
Khan Academy: Price Elasticity: More on Elasticity of Demand
Are you ready to look a bit deeper at why elasticity changes despite having a linear demand curve? This video explains how the quantity of demand of good or service changes when it price changes. [6:00]
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]