Chapter 2 - Determining Price and Elasticity

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2. Chapter 2_determining Price and Elasticity

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Chapter 2 - Determining Price and Elasticity

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CHAPTER 2

DETERMINING PRICE AND

ELASTICITY
CHAPTER OUTLINES
• DEMAND AND SUPPLY
• THE DETERMINANT OF EQUILIBRIUM PRICE AND
QUANTITY
• GOVERNMENT ACTION IN MARKETS
• THE RESPONSIVENESS OF DEMAND AND SUPPLY
• CROSS PRICE ELASTICITY OF DEMAND
• INCOME ELASTICITY OF DEMAND
• RELATIONSHIP BETWEEN ELASTICITY AND TOTAL
REVENUE
DEMAND AND SUPPLY
DEMAND AND SUPPLY
DEMAND AND SUPPLY
DEMAND AND SUPPLY
DEMAND AND SUPPLY
DEMAND AND SUPPLY
DEMAND AND SUPPLY
DEMAND AND SUPPLY
DEMAND AND SUPPLY
DEMAND AND SUPPLY
DEMAND AND SUPPLY
DEMAND AND SUPPLY
DEMAND AND SUPPLY
DEMAND AND SUPPLY
DEMAND AND SUPPLY
DEMAND AND SUPPLY
DEMAND AND SUPPLY
DEMAND AND SUPPLY
DEMAND AND SUPPLY
DEMAND AND SUPPLY
GOVERNMENT ACTION IN MARKET
GOVERNMENT ACTION IN
MARKET
GOVERNMENT ACTION IN
MARKET
GOVERNMENT ACTION IN
MARKET
GOVERNMENT ACTION IN
MARKET
GOVERNMENT ACTION IN
MARKET
GOVERNMENT ACTION IN
MARKET
GOVERNMENT ACTION IN
MARKET
ELASTICITY
ELASTICITY
ELASTICITY
ELASTICITY
ELASTICITY
ELASTICITY
ELASTICITY
ELASTICITY
ELASTICITY
ELASTICITY
ELASTICITY
ELASTICITY
ELASTICITY
ELASTICITY
ELASTICITY
ELASTICITY
ELASTICITY
ELASTICITY
ELASTICITY
ELASTICITY
ELASTICITY
ELASTICITY
ELASTICITY
THANK YOU

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