How to Calculate Cross Elasticity of Demand

Visual Tutorial on how to calculate cross elasticity of demand. Animations on the theory and a few calculations. Includes the calculation of percent change in price of y and the percent change in the quantity of x.
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[@janchristopherco164]

I have an assignment and a quiz today arghhh..., when i search through youtube there are allot of videos for solving elasticity and i'd say this video was one of the best, very informative than my economic professor hahaha, thanks allot economicFun it helped allot.

[@economicsfun]

Thanks Jeff for the feedback. It is much appreciated.

[@jeffwasielewski6395]

Your videos and teaching are outstanding. Thank you for your time and efforts! I will remember to like your page on Facebook as well!

[@adrianmarigondon4400]

Your tutorial is very informative. I just wanted to ask, do I still have to compute the cross-price elasticity if the prices are still the same but there is a changes in quantity demand? Thank you for your response!

[@Manas_Choudhary]

Wow, I'm actually having fun studying economics. You made it happen. Thank you.

[@light_to_hope]

Very nicely explain sir thanks alot tomorrow is my paper and I had confusions with this but this video cleared all😊

[@jonathanfactor2423]

The instructions was very clear so it was easy to follow thanks a lot ❤️

[@economicsfun]

Yes, you are technically correct it is "complement" not "compliment", in the states we are not that worried about the nuances of the queens language. We are not picky on color or colours or flavors or flavours either.

[@Xez1919]

The base should be (Q1 + Q2) / 2 because we want the same increase and decrease in percentages wheter we upside upwards or downwards!

[@CadburyFarmhouseRenovation]

Big test test tomorrow thanks for the help :)

[@learngermanghana]

Best tutorial. Thanks a lot

[@smithksacademy6462]

where can you show the price increases from 1 to 2 . in the above you did nt show price increase from 1 to 2 in cross elasticity of demand.

[@ivystutorial]

What app did u use to create this video.. please let me know

[@zandilekhambula3982]

Your videos are amazing!!! As a tutor I would like yo say thanks for the big big help!

[@economicsfun]

Many thanks for your compliments.

[@rozz5919]

Do you have a video for calculation of price elasticity of demand?

[@economicsfun]

I am not sure what you are referring to because I show the calculation at about 4:00 in the video.

[@AfricanFolktalesStories-2024]

This is amazing, I love it!

[@ሳምሪ-ቸ7ኈ]

You make it easy. Thanks

[@Phazratali786]

hi sir hope you are fine so what about the price when it is 2 the price will be increases

[@samimhameedi522]

Awsome Awsome, very nice, fully understands the issue. bundle of thanks

[@wiiliskaako5875]

hi , lets say that i gave you the prices in percentage and the quantity demanded with no percentage , how am i going to solve it , my lecturer is confusing , you guys are giving easy exmple .

[@mdrokonuzzamankhan5062]

I can't thank you enough

[@muhammadhammadsami]

Thank you very much, very good tutorial.

[@marymargarethamoy2277]

Thanks this is so helpful💝🥰

[@economicsfun]

I need to send you a MyBookSucks Frisbee or t-shirt!

[@economicsfun]

You are very welcome. Make sure you like MyBookSucks on FaceBook (see link in video description). This will help other students find the vids.

[@keithhudson3138]

Why don't you do the average of x and y (add the two sums and divide by 2) versus just subtracting? This is confusing to a new economics student like me watching various videos.

[@drkblck12]

:)you are like miracle thank you

[@redwinepinkhair]

That was excellent!

[@MasterMilesBurton]

Thanks for the video! but slight problem.. I have always been taught in Economics,they are Complements not Compliments, sorry to whine but keep the video's coming :)

[@economicsfun]

Many thanks! Make sure you like MyBookSucks on FaceBook (see link in video description). This will help others find the educational videos.

[@proudlyunvaccinated7911]

Perfect thank u♥️

[@economicsfun]

Thanks! Make sure you like MyBookSucks on Facebook too (see link in the video description). Good luck in your classes too.

[@ice_kofi]

Was helpful 👍🏾👍🏾👍🏾

[@chayanikagupta6017]

Thank you

[@deeptiyadav6406]

Amazing!

[@azaraftimos9146]

Thanks a lot

[@economicsfun]

***** You are very welcome. Hopefully you will like, share, subscribe, If you get a chance could you please like our FB page. www.FaceBook.Com/PartyMoreStudyLess It will help others find the videos.

[@Phazratali786]

so what about the zero goods

[@armygirl7117]

Find when price changes but demand changes

[@phyuzin4195]

Thanks alot

[@gowtham9719]

thanks alot☺

[@KudzaiMukaratirwa]

Wonderful stuff!! Hahahahaha @9:47 "don't be hating" :')

[@ocsosweet]

thanks

[@nazmussakib9114]

helpful

[@BanhB6]

don't be hatin HAHAHA

[@economicsfun]

:)

[@dingywa63149]

second

[@arunabhsarkar1]

first