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How to Calculate
Price Elasticity of Demand
Elasticity of Demand
Formula
How to Find
Elasticity of Demand
Calculating Price
Elasticity of Demand
How to Calculate Elasticity Demand
Calculus
Price Elasticity of Demand
Calculation
15:52
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Marginal Revolution University
Calculating the Elasticity of Demand
Elasticity of demand is equal to the percentage change of quantity demanded divided by percentage change in price. In this video, we go over specific terminology and notation, including how to use the midpoint formula. We apply elasticity of demand to the war on drugs, and more broadly to the prohibition of a good when it has an elastic demand ...
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