Price elasticity, income elasticity and cross elasticities of demand

Advertisement
Jamie 's Profile Picture

Jamie P.

SOAS - BA Japanese and Economics

I can help you achieve your potential

£25 / hour

    The videos below are from the YouTube channel Enhance Tuition. Subscribe to keep up to date with the latest videos.

    Price elasticity of demand – definition, formula and simple calculation

    This video gives the definition, formula and simple calculation of price elasticity of demand.

    Factors affecting price elasticity of demand (PED)

    This video looks at factors that affect price elasticity of demand.

    Graphing price elasticity of demand

    This video shows how to graph the various elasticities of demand: perfectly inelastic demand, inelastic demand, elastic demand, perfectly elastic demand and unit elasticity.

    Cross elasticity of demand (XED)

    This video discusses the meaning of cross elasticity of demand, how to calculate XED and how to interpret XED figures.

    Income elasticity of demand (YED)

    This video discusses how to calculate income elasticity of demand (YED) and how to interpret YED figures.

    Business relevance of elasticity estimates

    This video discusses how to analyse elasticity estimates for businesses and how to evaluate the significance of elasticity estimates.

    Total revenue and PED

    This video discusses how to calculate total revenue and how elasticity impacts changes in total revenue.

    Back to Top

    Advertisement












     
    Stay Updated
    close-link
    Advertisement
    ×