Price Elasticity of Demand

[@jamieharrison9810]

Brilliant video, tutor2u always provide high quality materials that help students much more than anyone else

[@zzirGrizz00l]

Thank you very much, this was really useful towards my revision.

[@conniesherms2140]

This is also used for economics module 1 and it was a great help

[@JoeSmith-uz8mu]

Thanks mate, youve explained this so clearly

[@itskore158]

Anyone else watching this for a school assignment?

[@thuglifegta1451]

Yessir

[@JjroseJu]

Yh

[@janniemoye2242]

Hello please I need help I love economics so much

[@confusedperson6431]

Thank you for your video..it very helpful for me thank you so much again

[@millargraceOo]

Great explanation and video 👌👌 Thank you for sharing

[@jumaimanisar1368]

Can you please do one for price inelasticity and the factors that affect them thank you this helped with price elasticity

[@AA-ic7cv]

hi, i have a question. if the price elasticity of demand is -1.4 which is negative. is it considered to be inelastic because its less than one, or is it elastic because we don't consider the negative and we only take the number so its going to be greater than one. thank you

[@mohamedghassenmahjoub6076]

Yea anything less than 1 is inelastic, in 5:04 he has a table that shows it

[@seanade69]

it is inelastic

[@afzaltar2750]

I had that same question. Thanks for asking it.

[@jfernandes_25]

Sir is this true: For an inelastic good the business should increase the price as the demand will only fall by a small amount however for an elastic good the business should decrease the price as demand will increase by a large amount. Thanks you.

[@anthonyliu290]

Hi, I showed this video to some students and they asked a question about the PED. According to your example of product X (2:25), the ped is -0.8, but the overall revenue are exactly same in both prices which doesn't make sense. I don't know how to answer this question. Could please you help me to explain why the PED is 0.8 but revenue doesn't change. Many thanks

[@drewyd]

Bro u got aired 🅿️

[@jeddslade3540]

because it’s inelastic

[@Johnsmithxyz213]

Thank you ! I wish you could share the powerpoint ,I could use this for my students.

[@officialronii]

you can get that powerpoint, my business teacher uses his powerpoints.

[@ifejaykob1371]

Very simple and easy to understand

[@tutor2u-official]

Glad you think so!

[@silentquill939]

thank u so much i didnt understand this whats so ever now i do thank u so much

[@tutor2u-official]

You're very welcome!

[@rakhilsuraweera]

In the one slide before last (why price elasticity of demand matters?) im not too clear of the effect to revenue in the case of inelastic products ?

[@ash-kq2sc]

Thank you 😊

[@tutor2u-official]

You're welcome 😊

[@mashairetatenda8946]

Here before my A levels

[@nurulizzah1622]

Thanks

[@tutor2u-official]

For what?

[@HaydarAli98]

does the cover AQA?

[@harrisaamir7555]

hmm

[@evajayme7746]

We demad more but try to balance divided into whole packages

[@ronaldallanbanares2440]

thank you for the video sir. may i get the permission to use this in my upcoming demo teaching?

[@ys1r]

no u

[@officialronii]

@@ys1r no u

[@zoeyzoha8414]

very helpful

[@fehmidaghazal3290]

very gud explanation

[@MARLONZEE]

is this needed for A2?

[@WhiteTyga3]

Both AS and A2 are needed for the full A-level. So yes it is.

[@charliewebb20]

harrogate town ey up

[@joesutton5043]

Charlie Webb bender

[@surajambarsariya4115]

pls speak little slow

[@JoeSmith-uz8mu]

You can slow the video down in the settings if need be

[@nethanaelroberts1255]

hi

[@captafrica]

Business is poop