Economics (McConnell), 18th EditionChapter 6:
Elasticity, Consumer Surplus, and Producer SurplusIN THIS CHAPTER YOU WILL LEARN: - About price elasticity of demand and how it can be applied.
- The usefulness of the total revenue test for price elasticity of demand.
- About price elasticity of supply and how it can be applied.
- About cross elasticity of demand and income elasticity of demand.
- About consumer surplus, producer surplus, and efficiency losses.
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