Students will be able to:
- Understand the concept of elasticity, how to represent it and use it on a graph, and its applications to real-world issues.
In this economics video series, students will take a deep look at supply and demand.
This unit of five videos covers elasticity of demand and supply, including an in-depth look at how to calculate them. Elasticity is then applied to a number of real-world policy questions. Every video comes with practice questions!