Economics (McConnell) AP Edition, 19th Edition

Chapter 4: Elasticity

The content of this chapter may be included on the AP* Microeconomics exam.

After reading this chapter, you should be able to:

1. Discuss price elasticity of demand and how it can be applied.
2. Explain the usefulness of the total revenue test for price elasticity of demand.
3. Describe price elasticity of supply and how it can be applied.
4. Apply cross elasticity of demand and income elasticity of demand.

AP Chapter 04 Introduction (9.0K)