Elasticity of Demand Explained | Economics 12th
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Elasticity of Demand Explained | Economics 12th
Dive into the concept of elasticity of demand with this quick explanation! Using the demand function D(p) = 100 - 2p, where p is the price, we calculate the elasticity of demand when the price is $20. This video is perfect for 12th-grade students studying Economics, specifically the chapter on Demand Analysis. The elasticity formula E_d = (dD ...
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