Calculating the Elasticity of Demand

Title:: Calculating the Elasticity of Demand
Description:: 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.

Microeconomics Course: http://mruniversity.com/courses/principles-economics-microeconomics

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Next video: http://mruniversity.com/courses/principles-economics-microeconomics/elasticity-supply-midpoint-formula

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Video Language:: English
Team:: Marginal Revolution University
Project:: Micro
Duration:: 15:52

	Tran Tu edited Vietnamese subtitles for Calculating the Elasticity of Demand
	Tran Tu edited Vietnamese subtitles for Calculating the Elasticity of Demand
	Tran Tu edited Vietnamese subtitles for Calculating the Elasticity of Demand
	Peter Balla edited Hungarian subtitles for Calculating the Elasticity of Demand
	Peter Balla edited Hungarian subtitles for Calculating the Elasticity of Demand
	Peter Balla edited Hungarian subtitles for Calculating the Elasticity of Demand
	Fran Ontanaya edited Hungarian subtitles for Calculating the Elasticity of Demand
	Fran Ontanaya edited Hungarian subtitles for Calculating the Elasticity of Demand