Elasticity of Supply
ฝัง
- เผยแพร่เมื่อ 20 ก.ค. 2024
- When is a supply curve considered elastic? What are determinants of elasticity of supply? Let's compare Picasso paintings and toothpicks. Which has an elastic or inelastic supply? For which good could you increase production at a low cost? We also go over how to calculate the elasticity of supply, including using the midpoint formula.
Microeconomics Course: mru.io/t4w
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00:00 What is the elasticity of supply?
02:37 Four determinants of elasticity of supply
02:57 1. Change in per-unit costs with increased production
05:00 2. Time horizon
06:24 3. Share of market for inputs
08:33 4. Geographic scope
10:05 Summary
10:47 Calculating elasticity
11:49 Midpoint formula
Continue learning with practice questions: mru.io/o0s
Like many people have already posted, my professor also sucks. You guys gave us gold for free! Can you imagine the number of students that learn microeconomics from your videos? Thank you so much for saving our asses!!
You are welcome! Thank you for the kind words and best of luck!
-Roman
you guys are teaching me because my teacher sucks, big up from London
which uni?
I second that....
that's why I WILL pass my midterm tomorrow! thanks)
Do it! Good luck.
-Roman
I love it how so many people are commenting about learning this at University level when I'm sitting here seeing this as the basics to Economics AS level / High school seniors.
Theolyn Warrender k
Same here man
yess and i didnt take econ in gcses so i feel so dumb at class and the otehr econ kids are way ahead of me but this channel is soo helpful
I'm doing most of this for IGCSE lol
Here learning this for 9th grade
You guys im telling you these video lessons helped me a lot. Our proffesor sucks big time. I already hate the subject since highschool but now im already in college, i managed to also hate the prof. So i couldnt get myself to listen because one, when we ask questions, he doesnt answer politely. Two, he expects us to know a lot already, that we immediately get what he say like no sir, everyone isnt smart ass in your class. and three he's kinda old already, we cant understand most of his words. Being a forgetful hag is also a bonus like he keeps repeating his examples. I hate him really. We freshies are failing his subject and he feels like he is our major subject. Cant believe our tuition fee pays his salary good while we are not learning anything decent from him. Thanks a lot for these videos!!!
was that a university in Singapore?
This is much better than spending thousands of dollars going through with professors in class☺️✊
You guys are good teachers. Teaching is a skill, and not many teachers actually have it. You do, so many thanks!
Y'all have heard this many times but seriously, thank you so much for these videos! I can get a better understanding of these concepts in under 20 minutes than attending lecture for almost an hour. Y'all are awesome! :)
I missed afew classes due to a holiday. this caught me up quick smart. thanks so much!
This is very inspiring and i am really really impressed by this videos.
this is helping me so much with my economics class which i suck at thankyou
m grateful u shed light on me
thank you so much for the lessons, much better than my teacher
This definitely got my attention thank you from Ottawa
this is much easier than i thought, thankyou
This is so helpful !! Thank you !
thankyou so much, these videos get me great marks with minimum studying:))
Where can I find explanations for the right answers in the practice questions?
Good illustration with the explanation 😁💪
Hello, I like your videos however, I wish you add this video to a playlist so I can watch the next one
Glad you like the videos! Here's our Microeconomics playlist: th-cam.com/play/PL-uRhZ_p-BM4XnKSe3BJa23-XKJs_k4KY.html
- William
even my teacher is not so good at teaching i feel like sleeeping thanks for helping me
you guys are teaching me because my teacher sucks, big up from Mexico
big thanks from the Philippines.
@CJ Dy hindi pre
@CJ Dy g9 here
what is the price elasticity of a supply curve equal to y axis
At least someone more understandable than our lecturer😅
Thank you so much
thank you so much!
thanks for helping me
thank you best thing ever
Very much help this video
very nice
Thanks a lot sir
Nice
Thank you so much for the careful explanations and conclusion! My high school only has one Ap Econ teacher, and unfortunately a bad one🙁 I'm considering switching to online classes and just self study!😂😂😂😂
Thankyou ❤️
From 🇮🇳
needed for my icse
Thanks so much..
thank you!
Thank you
thank u
I will forever be in debt to you
ThE cOnCePt Of eCoNoMiCs MeLtS mY BRAIN
Basically it become perfectly elastic after studying economics 😂😂
u guys learnt this in uni BUT CaMbRiDgE THROWS IT IN YOUR FACE IN FRESHMAN YEAR[] !!!!!!!!!!!!!!!!!
LUCKY U
Lol..in india we do it in grade 11
YEP I WAS DYING WITH THIS IN 9TH GRADE
Very 👍
que maestros
i dont like economics im forced to watch this by my professor, help, im being held captive against my will
1st Semester tomorrow and this is going to MAKE ME PASS
I need p.c.c
I have a midterm in 13 hours lol, pray for me y'all
did you pass?
i don't understand this question - In 1993, then President Clinton passed a law raising income taxes. This tax hike was fully expected: He campaigned on it in 1992. What do you expect happened to executive income in the first year of the tax increases? What about in subsequent years? Hint: Top executives have a lot of power over when they get paid for their work: They can ask for bonuses a bit earlier, or they can cash out their stock options a bit earlier. Literally, this isn’t their “labor supply,” it’s more like their “income supply.”
ty
A toilet roll painting of the Mona Lisa. Make that elastic.
why is this video so funny ahahaha
Oh gosh not another bot😒🙄😬
Economics solved 😭🙏🏽
Am i the only hs student watching this, that too a night before my exam 🤧
obviously two people don't speak english
vid was ok
please replace my social studies teacher
You need to explain how or why you think you can apply the Elasticity of Supply formula to the redemption of slaves.....PLEASE enlighten me on how you can redeem slaves with a supply formula...Is this the 21st century? Why is WGU using this crap?
I hate when people use slavery as an example for an economic point.