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Elasticity changes - PowerPoint PPT Presentation

Prepared by: Fernando Quijano & Shelly Tefft

CASE FAIR OSTER. Prepared by: Fernando Quijano & Shelly Tefft. 5. CHAPTER OUTLINE. Elasticity. Price Elasticity of Demand Slope and Elasticity Types of Elasticity Calculating Elasticities Calculating Percentage Changes Elasticity Is a Ratio of Percentages The Midpoint Formula

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422 views • 27 slides

Elasticity of Demand

Elasticity of Demand. AG BM 102. Introduction. Key question about demand is how responsive is consumption to a price change? The demand curve provides a quantitative answer But that answer is dependent on units of measurement Elasticity does not depend on units of measure!.

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563 views • 19 slides

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Elasticity changes - PowerPoint PPT Presentation

Prepared by: Fernando Quijano &amp; Shelly Tefft

Elasticity of Demand

Prepared by: Fernando Quijano & Shelly Tefft