资料内容参考lecture.pptxVIP

chapter: 6ElasticityKrugman/Wells?2009 ? Worth PublishersWhat is the definition of elasticity?What is the meaning and importance of:price elasticity of demand?income elasticity of demand?price elasticity of supply?What factors influence the size of these various elasticities?How the cross-price elasticity of demand measures the responsiveness of demand for one good to changes in the price of another goodDefining and Measuring ElasticityThe price elasticity of demand is the ratio of the percent change in the quantity demanded to the percent change in the price as we move along the demand curve