Office Hours: Elasticity of Demand
Released Tuesday, 12th September 2017
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Office Hours: Elasticity of Demand
Office Hours: Elasticity of Demand
Tuesday, 12th September 2017
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When the price goes up, what happens to the quantity demanded? It goes down. And vice-versa. This is known as the law of demand. Pretty straightforward.What this law doesn’t cover is how much the quantity demanded goes up or down as prices change. This...
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Principles of Microeconomics (Video)
Principles covers fundamental concepts like supply and demand and equilibrium. How are prices determined? What did Adam Smith mean when he said the market process works like an “invisible hand”? The course is divided up into "bite-size" chunks (average 5 minutes) that you can watch at your leisure. Ask questions, chat with the professors and earn a certificate at http://mruniversity.com.Join Podchaser to...
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