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Unit 3: Elasticity About this unit Why are resold concert tickets so expensive? Why is holiday candy so cheap in January? Learn how supply and demand changes can influences how much things cost, …

Misyonumuz herkese, her yerde, dünya standartlarında ve ücretsiz eğitim imkanı sağlamaktır.

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Learn about income elasticity of demand, which measures how sensitive quantity demanded is to changes in income. Compare normal goods, where demand increases with income, to inferior goods, …

In a previous lesson we learned about price elasticity of demand, but there are many other types of elasticity that measure how agents respond to variables other than the change in a good's price.

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Learn about the price elasticity of demand, a concept measuring how sensitive quantity is to price changes. Elasticity is calculated as percent change in quantity divided by percent change in price.

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Explore what makes supply more or less elastic in this video.