Elasticity of Supply: Real World Examples

Описание к видео Elasticity of Supply: Real World Examples

In this video, we take a look at real-world applications of elasticity, using the examples of slave redemption in Sudan and and the effects of gun buyback programs in the U.S.

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00:00 Applications Using Elasticity
00:33 Slave Redemption – Perfectly Inelastic Supply
03:34 Slave Redemption – Elastic Supply
08:36 Gun Buybacks
10:20 Gun Buybacks Example – Very Elastic Supply

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