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Elasticity Lessons With Transcripts
IGCSE Business Studies: Chapter 3.3.2 Marketing mix - Price
IGCSE Business Studies: 3.3 Marketing mix - Price Exam technique playlist https://youtube.com/playlist?list=PLUk3yfbOuRvEm_XCEEDVPBzkq9bR6ouSv&si=5bls...
IGCSE Business studies - RevisionIntroduction to Price Discrimination
Price discrimination is common: movie theaters charge seniors less money than they charge young adults. Computer software companies sell to businesses...
Principles of Economics: MicroeconomicsThe Monopoly Markup
Ever wonder why pharmaceuticals are so expensive? In this video, we show how low elasticity of demand results in monopoly markups. This is especially...
Principles of Economics: MicroeconomicsWage Subsidies
What’s the difference between a wage subsidy and a minimum wage? What is the cost of a wage subsidy to taxpayers? We take a look at the earned income...
Principles of Economics: MicroeconomicsSubsidies
How subsidies affect supply and demand, who actually benefits based on elasticity (subsidy incidence), and how to analyze deadweight loss. What is a s...
Principles of Economics: MicroeconomicsTax Revenue and Deadweight Loss
Why do taxes exist? What are the effects of taxes? We discuss how taxes affect consumer surplus and producer surplus and discuss the concept of deadwe...
Principles of Economics: MicroeconomicsWho Pays the Tax?
Who bears the burden of a tax? Buyers or sellers? Why is it that the more elastic side of the market pays a smaller share of a tax? Again, we’ll apply...
Principles of Economics: MicroeconomicsTax Incidence Explained with Supply and Demand
In this video we cover taxes and tax revenue and subsidies on goods. We discuss commodity taxes, including who pays the tax and lost gains from trade,...
Principles of Economics: MicroeconomicsElasticity of Supply: Do Gun Buybacks Work?
What happens when a new buyer enters a market with a perfectly elastic supply curve? A supply and demand graph tells the tale: the quantity sold incre...
Principles of Economics: MicroeconomicsElasticity of Supply: Why Housing is Unaffordable
Why are houses and apartments so expensive in some big cities? To an economist, the real question is, “Why is housing supply inelastic in some cities?...
Principles of Economics: MicroeconomicsElasticity of Supply
When is a supply curve considered elastic? What are determinants of elasticity of supply? Let's compare Picasso paintings and toothpicks. Which has an...
Principles of Economics: MicroeconomicsOffice Hours: Elasticity of Demand
When should you want demand to be elastic vs. inelastic? Learn how to apply elasticity of demand to real-world scenarios. Principles of Microeconomics...
Principles of Economics: MicroeconomicsElasticity Key Concepts
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