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Economics Lecture Five (view source)

Revision as of 17:25, March 20, 2013

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→‎Price Elasticity (review)
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Mathematically, price elasticity is as follows:
 
Mathematically, price elasticity is as follows:
   −
:<math>Ped = \frac{% \Delta (\mbox{Quantity demanded of good})}{% \Delta (\mbox{Price_change_in_good})}</math>
+
:<math>Ped = \frac{% \Delta (\mbox{Quantity demanded of good})}{% \Delta (\mbox{Price change in good})}</math>
    
=== Cross Elasticity ===
 
=== Cross Elasticity ===
Aschlafly
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