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Calculating the Elasticity of Demand
15:52
YouTubeMarginal Revolution University
Calculating the Elasticity of Demand
Elasticity of demand is equal to the percentage change of quantity demanded divided by percentage change in price. In this video, we go over specific terminology and notation, including how to use the midpoint formula. We apply elasticity of demand to the war on drugs, and more broadly to the prohibition of a good when it has an elastic demand ...
1.4M viewsJan 28, 2015
Price ceiling Definition
Price Ceiling in Economics | Definition, Types & Examples
4:29
Price Ceiling in Economics | Definition, Types & Examples
Study.com
47K viewsAug 13, 2016
Price Ceiling & Floor | Definition, Differences & Graphs
6:50
Price Ceiling & Floor | Definition, Differences & Graphs
Study.com
52K viewsMar 23, 2015
Price Ceiling: Effects, Types, and Implementation in Economics
Price Ceiling: Effects, Types, and Implementation in Economics
investopedia.com
10 months ago
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