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Office Hours: Elasticity of Demand

Principles of Microeconomics (Video) by Roman Hardgrave

When the price goes up, what happens to the quantity demanded? It goes down. And vice-versa. This is known as the law of demand. Pretty straightforward. What this law doesn’t cover is how much the quantity demanded goes...

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Office Hours: Elasticity of Demand is an episode from Principles of Microeconomics (Video) by Roman Hardgrave. When the price goes up, what happens to the quantity demanded? It goes down. And vice-versa. This is known as the law of demand....

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Office Hours: Elasticity of Demand

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