Elasticity of demand
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Intros
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Examples
Lessons
- Calculating and Determining Elasticity
The demand curve for cakes is given by .
- The demand curve for computers is given by .
- Maximizing Revenue using Unit Elasticity
The demand curve for glasses is given by . For what value of maximizes revenue?
- The demand curve for glasses is given by . For what value of maximizes revenue?
- Advanced Problems With Elasticity
The demand curve for shoes is given by . What is the elasticity of demand if price is $?