曼昆哈佛大学经济学原理课件第五章 .pptx

;Elasticity . . . ;Price Elasticity of Demand;Determinants of Price Elasticity of Demand;Determinants of Price Elasticity of Demand;Computing the Price Elasticity of Demand;Computing the Price Elasticity of Demand;Computing the Price Elasticity of Demand Using the Midpoint Formula;Computing the Price Elasticity of Demand;Ranges of Elasticity;Computing the Price Elasticity of Demand;Ranges of Elasticity;A Variety of Demand Curves;Perfectly Inelastic Demand - Elasticity equals 0;Inelastic Demand - Elasticity is less than 1;Unit Elastic Demand - Elasticity equals 1;Elastic Demand - Elasticity is greater than 1;Perfectly Elastic Demand - Elasticity equals infinity;Elasticity and Total Revenue;;Elasticity and Total Revenue;Elasticity and Total Revenue: Inelastic Demand;Elasticity and Total Revenue;Elasticity and Total Revenue: Elastic Demand;Computing the Elasticity of a Linear Demand Curve;Income Elasticity of Demand; Computing Income Elasticity;Income Elasticity- Types of Goods -;Income Elasticity- Types of Goods -;Price Elasticity of Supply;Ranges of Elasticity;Ranges of Elasticity;Perfectly Inelastic Supply - Elasticity equals 0;Inelastic Supply - Elasticity is less than 1;Unit Elastic Supply - Elasticity equals 1;Elastic Supply - Elasticity is greater than 1;Perfectly Elastic Supply - Elasticity equals infinity;Determinants of Elasticity of Supply;Computing the Price Elasticity of Supply;Application of Elasticity;Application of Elasticity;An Increase in Supply in the Market for Wheat;3. ...and a proportionately smaller increase in quantity sold. As a result, revenue falls from $300 to $220.;Compute Elasticity;Compute Elasticity;Summary;Summary;Graphical Review;Computing the Price Elasticity of Demand;Perfectly Inelastic Demand - Elasticity equals 0;Inelastic Demand - Elasticity is less than 1;Unit Elastic Demand - Elasticity equals 1;Elastic Demand - Elasticity is greater than 1;Perfectly Elastic Demand - Elasticity equals infinity;;Elasticity