How To Understand Elasticity (Economics)

📰 This channel is supported by my free newsletter: https://marketpower.substack.com/p/ma...

📰 Get unique economic insights right in your inbox: https://marketpower.substack.com/

Elasticity is a super important topic in economics, but it can be hard to grasp. In this video, I show you the intuition behind elasticity and why it's something economists care so much about. The demonstration will help you understand the price elasticity of demand, cross-price elasticity of demand, elasticity of supply, income elasticity, and all others!

Good companion video with Mankiw, Cowen and Tabarrok, or any other introductory economics or microeconomics course.

Follow me on twitter:   / marketpoweryt  

#economics #apeconomy

The Book of Mormon has changed my life, and I'd like to offer you a free copy: https://www.churchofjesuschrist.org/c...