上海交通大学宏微观经济学第四讲讲义.ppt

* Economists classify supply curves according to their elasticity. The next 5 slides present the different classifications, from least to most elastic. * This section is not perfectly analogous to the section on the determinants of the price elasticity of demand, but it’s similar enough that you can probably cover it more quickly and with much less hand-holding. This is one of the “Problems and Applications” at the end of the chapter. In this slide and the next, the initial price and quantity and the two demand curves are the same. The only difference is the elasticity of supply and slop