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  • price-elasticity-of-demand
Constant unit elasticity
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An interesting case of price elasticity of demand is a demand curve with a constant unit elasticity. Explore what such a demand curve would look like in this video. Created by Sal Khan.

Subject:
Economics
Social and Behavioral Sciences
Material Type:
Lesson
Provider:
Khan Academy
Provider Set:
Khan Academy
Author:
Sal Khan
Date Added:
08/10/2021
Determinants of price elasticity of demand
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There are several factors that affect how elastic (or inelastic) the price elasticity of demand is, such as the availability of substitutes, the timeframe, the share of income, whether a good is a luxury vs. a necessity, and how narrowly the market is defined. We explore each of these in this video.

Subject:
Economics
Social and Behavioral Sciences
Material Type:
Lesson
Provider:
Khan Academy
Provider Set:
Khan Academy
Author:
Sal Khan
Date Added:
08/10/2021
Introduction to price elasticity of demand
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Economists use the concept of price elasticity of demand to describe how the quantity demanded changes in response to a price change. In this video, explore a simple way to calculate the price elasticity of demand, how to interpret that calculation, and how price elasticity of demand varies along a demand curve.

Subject:
Economics
Social and Behavioral Sciences
Material Type:
Lesson
Provider:
Khan Academy
Provider Set:
Khan Academy
Author:
Sal Khan
Date Added:
08/10/2021
Perfect inelasticity and perfect elasticity of demand
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Examining the two extremes of elasticity, perfectly elastic and perfectly inelastic demand, can help us beter understand the intuition behind this measure. Created by Sal Khan.

Subject:
Economics
Social and Behavioral Sciences
Material Type:
Lesson
Provider:
Khan Academy
Provider Set:
Khan Academy
Author:
Sal Khan
Date Added:
08/10/2021
Principles of Macroeconomics 2e
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Principles of Macroeconomics 2e covers the scope and sequence of most introductory economics courses. The text includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition has been thoroughly revised to increase clarity, update data and current event impacts, and incorporate the feedback from many reviewers and adopters.Changes made in Principles of Macroeconomics 2e are described in the preface and the transition guide to help instructors transition to the second edition.

Subject:
Economics
Social and Behavioral Sciences
Material Type:
Full Course
Provider:
Rice University
Provider Set:
OpenStax College
Date Added:
08/12/2021
Total revenue and elasticity
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One of the most practical applications of price elasticity of demand is its relationship to total revenue. A seller who knows the price elasticity of demand for their good can make better decisions about what happens if they raise or lower the price of their good. Explore the relationship between total revenue and elasticity in this video. Created by Sal Khan.

Subject:
Economics
Social and Behavioral Sciences
Material Type:
Lesson
Provider:
Khan Academy
Provider Set:
Khan Academy
Author:
Sal Khan
Date Added:
08/10/2021