Elasticity 04 McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.
Copyright © 2007, Nelson, a division of Thomson Canada Ltd.. A Lecture Presentation in PowerPoint to accompany Exploring Economics by Robert L. Sexton.
Elasticity, Total Revenue and Surplus. Quick Check 1 Items that are necessities are considered to be _____________ inelastic.
A.P. Microeconomics In Class Review #2. Pricing 1.Pricing system serves as a rationing device The market decides who gets g&s by which households are.
Elasticity of Demand Measurement of a good’s responsiveness to a change in price The price effect is greater for some goods than for others Examples:
Elasticity, Consumer Surplus, and Producer Surplus Chapter 6 McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved.
