New Book: https://www.amazon.com/dp/B0G45MKBZT This mini lecture introduces elasticities, with a particular focus on the elasticity of demand.
0:00 Introduction to Elasticity
0:30 elasticity: definition and formula
1:12 Elasticity of demand
4:37 Why use elasticity: Unit free
6:11 Elastic vs. inelastic
7:36 Perfectly elastic and Perfectly inelastic
8:12 Graphical representations of elasticities
9:45 Elasticities along a linear demand curve
14:11 Types of elasticities
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