Elasticity 3: Calculating Elasticities & Midpoint Formula (Full Lecture)

We focus on calculating elasticities, looking at cases where you are given either percentages or raw data. Price elasticity of demand, Income elasticity of demand, Price Elasticity of Supply, and Cross-price elasticities of demand.
Link to Video 1: • Elasticity 1: Introduc...
Handout for this video: drive.google.c...
These videos are part of a complete set of full-length lectures on Introductory Microeconomics (Using McConnell, Brue, & Flynn). See the course with handouts at
www.burkeyacad...
Playlist of all videos: • Intro Microeconomics: ...
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[@selepepalesa]

Thank you so much

[@joycemeryer9076]

Hey sir at 25:03 you said negative 58.1% but wrote -51.8% change in quantity

[@BurkeyAcademy]

Thanks. Of course 9/15.5=.580645, so 58.1% is correct!

[@joycemeryer9076]

ok thank you