微观经济学英文课件Ch_05.pptVIP

Elasticity and Its Application弹性及其应用 Chapter 5 Elasticity…（弹性） … is a measure of how much buyers and sellers respond to changes in market conditions 测度买者和卖者对市场变化反应的幅度 … allows us to analyze supply and demand with greater precision. 使得我们可以更精确地分析供给和需求 Price Elasticity of Demand需求的价格弹性 Price elasticity of demand is the percentage change in quantity demanded given a percent change in the price. 需求的价格弹性是指当价格变化1%时，需求量变化的百分比。 It is a measure of how much the quantity demanded of a good responds to a change in the price of that good. 它测度一个商品的需求量对价格变化的反应幅度。 Determinants of Price Elasticity of De