How to Calculate Price Elasticity of Supply (PES)

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  • Опубликовано: 10 янв 2025

Комментарии •

  • @disalure
    @disalure 5 месяцев назад

    The video is over a decade old and it still proves to be more helpful than the other tutorials I've seen

  • @karimelsayed7132
    @karimelsayed7132 12 лет назад

    i'm a student from Egypt and i just want to thank u so much for these videos u have saved me a lot of time and money :D :D

  • @erinnadia_
    @erinnadia_ 13 лет назад

    Omg, your videos are sooooo easy to understand I LOVE YOU OKAY? no seriously. My AP practice exam is tomorrow, & I feel so much more prepared. Looking through my textbook was becoming so monotonous.

  • @juliaeco3550
    @juliaeco3550 8 лет назад +1

    I have seen many videos on youtube about calculating price elasticity of supply, but your video by far is the best. You make it very clear and easy to understand. I also agree you make economics fun! Thank you for taking the time to teach your viewers.

  • @ManoyMetal
    @ManoyMetal 12 лет назад

    excellent video! the clarity and step-by-step guide is the best I have seen online! Mil Gracias!

  • @achinthaperera936
    @achinthaperera936 5 лет назад

    you are a genius. you explain everything clearly . now i am interested in economics. thankyou

  • @NiinoiAnum
    @NiinoiAnum 11 лет назад

    this has really giving me a clear picture THANKS A MILLION

  • @Fugue602
    @Fugue602 12 лет назад

    Thanks for this video. It helps to see it visually. Also the explanation in my textbook is confusing. Keep up the good work!

  • @economicsfun
    @economicsfun  12 лет назад +1

    I use a variety of different programs and then put it all together in Final Cut. I use adobe photoshop, illustrator, flash. I have recently started experimenting with HTML5 and trying to make interactive videos.
    Thanks for recommending the videos I really appreciate it. Make sure you like MyBookSucks on facebook as well (we post funny college stuff on our fan page). You can see a link in the description of this video.

  • @sarahtasneem8855
    @sarahtasneem8855 3 года назад +1

    Thank you so much for your hard work!
    Keep these videos coming on micro and macro,advanced micro etc.
    💚❤

  • @economicsfun
    @economicsfun  12 лет назад +1

    Great to hear and I do plan on adding more and more videos. Good luck in your studies.

  • @joshfraser8887
    @joshfraser8887 4 года назад

    Sir, hats off to you. Funny and informative. PARTY MORE STUDY LESS

  • @RyanEmeryLovesCars
    @RyanEmeryLovesCars 5 лет назад +3

    At 2:42 how did you get 60% and 33%?

  • @johnjones4179
    @johnjones4179 8 лет назад

    Your videos are truly a blessing.. Thank you so very much !

  • @jonalynenoc4985
    @jonalynenoc4985 7 лет назад

    THANK YOU! And now I know How to calculate the PES.😍😀

  • @shellll100
    @shellll100 12 лет назад

    Awesome video!!!!! I really love and enjoy the way you explain these things....You make my life much easier

  • @AnuarZainGf
    @AnuarZainGf 11 лет назад

    You are an awesome teacher. I iunderstand it immediately!

  • @economicsfun
    @economicsfun  12 лет назад +1

    thanks for the complement! Good luck in your classes too.

  • @neerajagadwala9642
    @neerajagadwala9642 4 года назад

    Tq so much for providing this vedios.....its very helpful to me....

  • @economicsfun
    @economicsfun  11 лет назад

    Great to hear and happy the videos are helping you.
    Make sure you like MyBookSucks on FaceBook (see link in video description). This will help others find the educational videos.

  • @APC9906
    @APC9906 12 лет назад

    You are awesome, thank you for taking the time to do this.

  • @economicsfun
    @economicsfun  12 лет назад +1

    Yes, economics can be very confusing and often hard to keep up with the lecture.
    Make sure you like MyBookSucks on FaceBook (see link in video description). This will help others find the educational videos.

  • @Ilostmypassion
    @Ilostmypassion 10 лет назад +1

    Dude....You ROCK :)

  • @vamsofficial0916
    @vamsofficial0916 Год назад

    Thank you! You my savior

  • @economicsfun
    @economicsfun  12 лет назад

    Great to hear and good luck on your test (very funny user name too).

  • @bakecrazyyygirl2583
    @bakecrazyyygirl2583 3 года назад

    Omg thankss.you made this very easy to understand. UM CAN U MAKE A VIDEO ON TOTAL REVENUE WHEN PRICE INCREASES ?

  • @economicsfun
    @economicsfun  12 лет назад

    Thanks for the wonderful complement. Always nice to get positive feedback.

  • @Andybwc
    @Andybwc 9 лет назад +1

    This was very helpful :)

    • @economicsfun
      @economicsfun  9 лет назад

      Andybwc Appreciate that! Hopefully you will like, share, subscribe, If you get a chance could you please like our FB page. www.FaceBook.Com/PartyMoreStudyLess It will help others find the videos.

  • @economicsfun
    @economicsfun  11 лет назад

    You are right there is no point to have the 100 because they cancel out. I don't like to leave out any steps when I do the videos. Very good observation though.

  • @economicsfun
    @economicsfun  13 лет назад

    @cutypy95 Thank you so much! Please let me know how you do on your AP practice exam.

  • @SushiFriday
    @SushiFriday 12 лет назад

    What programm is used to make this video? I mean the animations and the graph drawing. Great video btw, helped alot!!! Recommending this to fellow students! :)

  • @economicsfun
    @economicsfun  11 лет назад

    You are very welcome!

  • @davitsk1
    @davitsk1 11 лет назад

    Thanks. This helped a lot!

  • @economicsfun
    @economicsfun  13 лет назад

    @thelordofshadofia What! Economics boring and my video boring say it ain't so!
    All kidding aside I try to make it less boring and I always appreciate the feedback.

  • @erinnadia_
    @erinnadia_ 13 лет назад

    @economicsfun I got an A !!! omg, thank you so so so much :D

  • @praveenremesh7098
    @praveenremesh7098 11 лет назад

    i was wondering if you could do a video on micro topic "perfect competition" i really would appreciate it

  • @arjun1951
    @arjun1951 12 лет назад

    Nice explanation.

  • @economicsfun
    @economicsfun  11 лет назад

    Actually I have an entire playlist on perfect competition. If you go to the economicsfun (MyBookSucks) channel you will see the playlist. Let me know if you can't find the playlist (RUclips is hard to navigate).

  • @corpusone
    @corpusone 10 лет назад

    Really helpful. Thanks.

    • @economicsfun
      @economicsfun  10 лет назад

      Julian Casablancas You are very welcome!

  • @turtlemaster23
    @turtlemaster23 7 лет назад

    sometimes i see formulas that for point elasticity of supply add up P0 and Q0 in the denominator. Which method is correct?

  • @annaliu4170
    @annaliu4170 6 лет назад

    I have a question. How do you apply the formula if given only the algebraic equation of Qs and Qd ?

  • @sunitakamte4780
    @sunitakamte4780 11 лет назад

    pls explain geometric method of measuring price elasticity of supply in detail thanks

  • @Eyebroooo
    @Eyebroooo 5 лет назад

    thanks tomorrow econ test

  • @muhammadsulaiman5936
    @muhammadsulaiman5936 11 лет назад

    please make more vedios about o_level economics

  • @chrisx107
    @chrisx107 9 лет назад

    Very good thanks a lot

  • @thesoul3461
    @thesoul3461 3 года назад

    can elasticity be negative?

  • @wadefarr3127
    @wadefarr3127 8 лет назад

    Quick question, my professor has us divide by the average, not the Q1. Why is that?

  • @koreansoup95
    @koreansoup95 13 лет назад

    very clear. i like.

  • @economicsfun
    @economicsfun  13 лет назад

    @cutypy95 Well that is great. Glad I could help.

  • @Rernaldo858
    @Rernaldo858 7 лет назад +1

    HOW DID U GET 60% AND 33%?

    • @mazedulhaque4578
      @mazedulhaque4578 5 лет назад

      60% comes from the change of quantity and 33% comes from the change in price.

  • @economicsfun
    @economicsfun  12 лет назад

    I am not sure what you mean by "the factor"

  • @victorsierra4918
    @victorsierra4918 5 лет назад

    You wonder why this is confusing to students?! You explained it well, but still, learning economy is something that can be used as torture in Guantanamo and Gulag

  • @aylaraaylara1117
    @aylaraaylara1117 8 лет назад

    thank You so much

  • @Stying
    @Stying 2 года назад

    thanks bro

  • @notonicky
    @notonicky 12 лет назад

    Im really got it Thx a lot but What about the factor??? :'<

  • @kemalakgol8166
    @kemalakgol8166 9 лет назад

    thank you !

  • @ramonehall1411
    @ramonehall1411 9 лет назад +1

    almost certain, your missing an important portion of the equation.

  • @azaraftimos9146
    @azaraftimos9146 11 лет назад

    Thanks

  • @nicolairesch2139
    @nicolairesch2139 11 лет назад

    dont see the point of x100 over and under

  • @jameskim5923
    @jameskim5923 11 лет назад +2

    it would be great if you talk a little bit faster, you talk too slow. yes, I'm asian

    • @babycarnes
      @babycarnes 10 лет назад +3

      I agree, but you can just go to settings and change the speed.