微观经济之弹性理论 (microeconomics -Elasticity).pptVIP

* Topic 3 -Week 3Elasticity * Elasticity of Demand Supply The previous topic focused on the way in which markets operate via the interaction of demand and supply. We analysed the factors that influence demand and supply, and the way markets react to changes in these factors. ? Our focus was on the direction these factors would shift our demand and supply curves. ? We now wish to extend our analysis by looking not only at the direction of these shifts, but their magnitudes. * Elasticity of Demand Supply We develop the concept of elasticity to measure the sensitivity of D+S to chang