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Contents
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.
