Economists Do It With Models

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Videos: And Here You Thought You Were Done With Elasticity…

April 13th, 2010 · 3 Comments

So in reading the multitude of (bad) textbooks that I get to go through for my job, it became apparent that people really like to talk about the relationship between elasticity of demand and the amount of revenue a company can generate. So here you go. I swear it’s interesting, or at least interesting-adjacent – have you ever considered that, if you face inelastic demand, you could make more money (and have it cost you less) to produce fewer units at a higher price? You’re welcome.

See here for the Micro 101 videos page, or here for econgirl’s YouTube channel.

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