Lesson 20 of 21 • 2 upvotes • 10:45mins
In this lesson we talk about the relationship between price elasticity of demand and the total expenditure and we also look at the examples tha illustrate the methods used to measure price elasticity of demand in relation to total expenditure
21 lessons • 2h 52m
Introduction
4:17mins
Consumer's Equilibrium
11:10mins
The concept of Utility and Law of Diminishing Utility
10:31mins
Equilibrium in case of Single and Two Commodities
9:41mins
Indifference Curve and Indifference Map
9:46mins
The budget line and shift in the budget line
11:26mins
Indifference Curve: Properties and Equilibrium
9:49mins
The Consumer's Budget
6:16mins
Introduction to Demand
3:10mins
Meaning of Demand
5:41mins
Determinants of Individual demand
9:12mins
Determinants of Market Demand
6:35mins
Law of demand
8:40mins
Individual Demand Curve and Market Demand Curve
5:11mins
Movement and shift in the demand curve
6:36mins
Summary
5:05mins
Meaning of Price Elasticity of Demand.
8:00mins
Types of Price Elasticity of Demand
7:45mins
Methods of measurementsm of Price elasticity of demand
10:40mins
Relationship between total expenditure and price elasticity of demand.
10:45mins
Factors affecting the price elasticity of demand
11:46mins