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Calculating the Elasticity of Demand
15:52
YouTubeMarginal Revolution University
Calculating the Elasticity of Demand
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 ...
1.4M viewsJan 28, 2015
Bitcoin Price
Bitcoin falls below $86K, Gold and silver rise on Fed rate cut optimism, Fed rate hopes and markets
22:57
Bitcoin falls below $86K, Gold and silver rise on Fed rate cut optimism, Fed rate hopes and markets
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Why the bitcoin sell-off may not be the start of a crypto winter
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