Price Elasticity

We study microeconomics to understand how the economy works. Elasticity is a term that describes how consumers respond to price changes. These videos will help you understand how it all works.

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Video #1 - Elasticity of Demand

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Video #2 - Change in Demand vs Change in Quantity Demanded

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Video #3 - Elasticity of Demand (focus on graphs)

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Video #4 - Price Elasticity of Supply (focus on graphs)

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Video #5 - Market Planning - Income Elasticity (3 minute British video - concrete examples)

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Video #6 - Price Elasticity Demand Calculator

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This material was gathered by Linda Aksomitis

Instructor for Introduction to Internet Writing Markets

and Credenda Virtual College