'Straight line demand curves' presentation slideshows

Taxes, MC pricing, and a wrap-up of supply/demand

Taxes, MC pricing, and a wrap-up of supply/demand. Today: Finishing the basic ideas of supply and demand theory. From subsidies to taxes to MC pricing. Last time, we saw that a subsidy did not work to help high rent in Isla Vista

499 views • 37 slides

Demand

284 views • 27 slides

Elasticity of Demand

Elasticity of Demand. AG BM 102. Introduction. Key issue: how responsive is the consumption of a product to a change in its price? The demand curve provides a quantitative answer But the answer depends on units of measurement Elasticity does not depend on units of measurement!.

243 views • 19 slides