Managerial Economics 2.4: Own-Price Elasticity of Demand

[@xavieryuchi9408]

Thx a lot! This video has helped with my college's microecon class.

[@kundakamilo5483]

Awesome

[@boljosephlual5763]

But sir -1.25 is less than 1 , therefore our price elasticity should be inelastic if am not wrong 🤔🤔🤔

[@maureendally]

pick the absolute value to determine

[@juliancamacho7232]

you gotta take the absolute value of that. Since 1.25 > 1, it is an elastic situation.

[@user-su2wb3gs3o]

Sir how can i contact you direct