Video: Elasticity of Demand
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see video link here
Using examples from a competitive seafood market and a monopolistic ferry service, this program shows the difference between elastic and inelastic demand. It quantifies the gain or loss of revenue from price increases or decreases in each situation.
see video link here
Using examples from a competitive seafood market and a monopolistic ferry service, this program shows the difference between elastic and inelastic demand. It quantifies the gain or loss of revenue from price increases or decreases in each situation.
posted by Hwee Ling at
11:33 PM
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