Demonstration Overview:

This video elasticity exercises demonstration is 31 minutes long.

The exercises I do in this video is in a document right below this video link. Please download it and if you can, print it out.

I strongly suggest that after watching me do the first exercise, that you attempt the next exercise on your own. Put the video on pause and give it a try. You will learn faster that way and you will gain ownership of the material. It is called learning by doing.

In this video demonstration, I show you how to use the Price Elasticity of Supply equation, the Cross Price Elasticity of Demand, and the Income Elasticity of Demand and the Mid-Point Elasticity equation.

The material in the video is a wonderful preparation for your chapter 6 practice quiz, your chapter 6 testing quiz, and for your midterm. There will definitely have problems just like the ones you see in this demonstration in your assessments. You will have to show me your calculations in those assessments.

Link to the Document Used in this Demonstration:

Supply, Cross-Price and Income Elasticities

Link to the Video Demonstration:

Watch My Supply, Cross-Price and Income Elasticities Video Demo