DEMAND ANALYSIS Demand Relationships The Price Elasticity of Demand Arc and point price elasticity Elasticity and revenue relationships Why some products are inelastic and…
Chapters 4-7 Unit 2- Microeconomics: Prices and Markets * Unit 2 Chapters This unit covers: 4.1 4.2 4.3 5.1 5.2 6.1 6.2 Chapter 4 Section 1 Supply and Demand * An Introduction…