uva econ 2010

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uva econ 2010 uva econ 2010 uva econ 2010

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LECTURE 8      Alfred Marshall’s Elasticity      Taxonomy of Elasticity     Applications of Elasticity      Private Sector          o Raise price or lower price       Public Sector          o Raise or lower fare          o Raise or lower income          o Raise or lower      Pricing examples: software, airlines, credit cards  Elasticity of Demand              Variations of elasticity:           o Supply elasticity          o Income elasticity (P becomes income)          o Market Share elasticity (Q becomes SOM)          o Advertising elasticity (P becomes advertising budget)          o Cross elasticity (2 goods involved)        Elasticity is the measure to responsiveness in price change      Price elasticity of Demand Taxonomy

uva econ 2010

uva econ 2010
Description

School: University of Virginia

Department: Economics

Course: Microeconomics

Professor: Leonard mirman

Term: Fall 2015

Tags:

Cost: 25

Name: Econ 2010 week 4

Description: Topics on elasticity

Uploaded: 06/23/2017

uva econ 2010

uva econ 2010 Description

School: University of Virginia

Department: Economics

Course: Microeconomics

Professor: Leonard mirman

Term: Fall 2015

Tags:

Cost: 25

Name: Econ 2010 week 4

Description: Topics on elasticity

Uploaded: 06/23/2017

uva econ 2010
Description