Calculating Elasticity of Demand [GIVEN A CHANGE IN PRICE] | Think Econ

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In this video we explore how to calculate the elasticity of demand given only the Demand equation and a change in price!

#microeconomics #priceelasticity #priceelasticityofdemand

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Keywords:
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how to calculate elasticity using price,
how to calculate elasticity of demand,
how to determine the elasticity of demand,
Inelastic demand,
Elastic demand,
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Think Econ,
demand class 11

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ThinkEcon

Thank you so much for all the videos. I learned all about Elasticity of demand, Price elasticity, income elasticity all of them thanks to you as I am sitting for my A levels this November. I am so grateful to you (Think Econ) for the invaluable services you provide to students like us which I can't put into words.

I would like to request a video on Subsidy and tax distribution as I could not find any videos related to these. Also Arc elasticity and Point elasticity if possible :) Thank you so so much once again and blessings!!

thoshankaamarasinghe

Wait so for this we already have to know the second quantity? What if we know the price changes but we are trying to figure out what that will mean for quantity?

ArdillaINC

Hey there! I enjoy your videos. That being said are you aware of any other channels that cover more advanced topics

shettlock

is it possible to calculate price elasticty of demand without change in price?

ssakaadrian

Please I need simple calculus in economics

degefuademe

If we have P=120 then how to find price elasticity demand

kubraaziz

So what do I do if I'm only given one value for p

poppaslop

Me I get elastic demand is 3/5. Why why why 😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮. Hey GUYS MY ANSWER IS 3/5

JELSONMAUKI

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