Class 11 | Economics | Microeconomics 1 | Measuerment of Elasticity of Demand - II

Описание: Class 11 Economics
Chapter: Microeconomics 1: The Price System and The Microeconomy
Topic: Measuerment of Elasticity of Demand - II
By : Ms Rajni Nagpal, DMVS

Ever wondered how economists measure the responsiveness of demand to price changes? This video is the ultimate guide. In this video, we will explore the Total Expenditure Method with practical numerical examples to show how total spending reveals elasticity. Then, we explore the Point (or Geometric) Method, teaching the calculate elasticity at any specific point on a demand curve. Also learn to analyze how elasticity changes along a linear demand curve, from elastic to inelastic.

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