Master the ELASTICITY Concepts (PED, YED, XED) | A Level Economics (2024)

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🔴 About This Video 🔴
Master the elasticity concepts in Economics now with this video! This is part 4 of the Microeconomics series, where we will cover in-depth the elasticity concepts of Price Elasticity of Demand (PED), Income Elasticity of Demand (YED) and Cross Elasticity of Demand (XED). The elasticity concepts are crucial in understanding how different goods have an effect on quantity demanded due to a change in price. Moreover, it will act as strong forms of evaluation when it comes to essay writing and is ultimately a pivotal part of Demand and Supply.

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