Lecture 9 Elasticities Elasticities are measures of responsiveness The response of one variable to changes in another Can be positive or negative If “close” to zero,…
ELASTICITY Managerial Economics Jack Wu NEW YORK CITY TRANSIT AUTHORITY May 2003: projected deficit of $1 billion over following two years Raised single-ride fares from $1.50…
ELASTICITY Managerial Economics Jack Wu ELASTICITY NEW YORK CITY TRANSIT AUTHORITY May 2003: projected deficit of $1 billion over following two years Raised single-ride fares…
ELASTICITY Managerial Economics Jack Wu NEW YORK CITY TRANSIT AUTHORITY May 2003: projected deficit of $1 billion over following two years Raised single-ride fares from $1.50…
LECTURE THREE: ELASTICITY IPEM Tohoku University Managerial Economics Lecturer: Jack Wu Period 1/ February 15 2011 NEW YORK CITY TRANSIT AUTHORITY May 2003: projected deficit…