Elasticity coefficient - PowerPoint PPT Presentation

ELASTICITIES OF DEMAND AND SUPPLY

ELASTICITIES OF DEMAND AND SUPPLY. ECO 2023 Principles of Microeconomics Dr. McCaleb. TOPIC OUTLINE. Price Elasticity of Demand Application: Elasticity and the Demand for Smoking Price Elasticity of Supply Cross Price Elasticity and Income Elasticity. Price Elasticity of Demand.

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Elasticity

Elasticity. Chapter 9 – Mohr and Fourie. Today’s session. Point elasticity ….revisited… Arc elasticity Price elasticity of demand and total revenue Five categories of price elasticity of demand. Calculating the price elasticity of demand. Price elasticity of demand ( e p ) =

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