Micro Mc Eachern ECON 5 2010 -2011 CHAPTER

Micro Mc. Eachern ECON 5 2010 -2011 CHAPTER of Elasticity Demand Supply

Price Elasticity of Demand LO 1

Price Elasticity of Demand LO 1

LO 1 Demand Curve for Tacos

Categories of ED LO 1

Elasticity and Total Revenue LO 1

Price Elasticity and the Linear D Curve LO 1

LO 1 Demand, Price Elasticity, and Total Revenue

Constant-Elasticity Demand Curves LO 1

LO 1 Constant-Elasticity Demand Curves

LO 1 Summary of Price Elasticity of Demand Effects of a 10 Percent Increase in Price

Determinants of Price Elasticity of D LO 2

LO 2 Demand Becomes More Elastic over Time

Elasticity Estimates LO 2

LO 2 Selected Price Elasticities of Demand (Absolute Values)

Case Study LO 2 Deterring Young Smokers

Case Study LO 2 Deterring Young Smokers

Price Elasticity of Supply LO 3

Price Elasticity of Supply LO 3

LO 3 Price Elasticity of Supply

Categories of ES LO 3

Constant-Elasticity Supply Curves LO 3

LO 3 Constant-Elasticity Supply Curves

Determinants of Supply Elasticity LO 3

LO 3 Supply Becomes More Elastic over Time

Income Elasticity of Demand LO 4

Income Elasticity of Demand LO 4

LO 4 Selected Income Elasticities of Demand

Case Study LO 4 The Market for Food and ‘The Farm Problem’

The Demand for Grain LO 4

LO 4 The Effect on Increases in Demand Supply on Farm Revenue

Cross-Price Elasticity of Demand LO 4

Appendix Price Elasticity and Tax Incidence

Appendix Price Elasticity and Tax Incidence

Effects of Price Elasticity of D on Tax Incidence

Effects of Price Elasticity of Supply on Tax Incidence