Economics (McConnell), AP* Edition, 20th EditionChapter 6:
ElasticityAfter studying this chapter, you should be able to: LO 6.1 | Discuss price elasticity of demand and how it is calculated. | LO 6.2 | Explain the usefulness of the total revenue test for price elasticity of demand. | LO 6.3 | List the factors that affect price elasticity of demand and describe some applications of price elasticity of demand. | LO 6.4 | Describe price elasticity of supply and how it can be applied. | LO 6.5 | Apply cross elasticity of demand and income elasticity of demand. |
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