Price Elasticity of Demand and Linear Demand Curves

Описание: This video explains the relationship between price elasticity of demand measurements and linear demand curves. Since elasticity is not slope, it makes sense the PED values are not constant over a linear demand curve. Instead, all linear demand curves have a portion of the line that is elastic and a portion than is inelastic. This video is made for 1st year college students or AP/IB Economics students. It focuses on foundational economic concepts.