The Mid point forumula for Price Elasticity of Demand

[@cliftonaurelius3060]

So well explained, from the way you sequence your explanations to the words and terms you used, simple to understand and straight to the point with all the relevant details. Thank you teacher!

[@MsRaqual91]

This has just helped me understand this concept in five minutes that I just spent almost a half hour going over in my book! Thanks so much!

[@sudekzltas3743]

Totally agree! My finals are going to start tomorrow and that's why i am here right now.

[@bza8910]

Taking my final in 30 minutes not ready for this

[@NotGord]

Did you fail?

[@henriqueschuh4191]

Bro Thanks a TON! My book showed the midpoint average method without explaining WHY. It left me so confused! I looked at it and it felt off. Thanks to you I understand WHY. Thank you!

[@AndrewHillard1]

in micro econ... Was so confused but thanks to you i completed my chapter and done very well. thank you so much

[@JohnnyMontilla]

This video is very helpful! Thank you!

[@barney8978]

Thank you so much, this really did help give a hands-on visualization of the formula!

[@nikeenguyen]

Thank you for this, I am literally so happy I understand my homework.

[@gensum3235]

Honestly if my professor can explain like this way, i should never worry about failing courses

[@willgreenwald262]

Thanks Mr.Welker! Great Video!

[@Mercurymarvin]

Great tutorial, very clear and concise!

[@FeraldiMarco]

many thanks for your explanation, very clear. Would you be so kind to help me with a doubt? When determining whether a product is elastic or inelastic, which interval of the curve should I consider? because if I take it up the curve, I get a value. I f I take the interval down the curve, I obtain a different value. thanks

[@hannahc9181]

i swear im never gonna understand this, and i have a test tomorrow dear godddd save me

[@JasonWelker]

Sign up for some tutoring at econclassroom.com! I'll help you understand!

[@princetonscienceschool4159]

i have multiplied both by 100 but still, we have the same answer like 2/11x100 =18.18% -2/3x100 = -66.67% 18.18%/-66.67 = | -0.27 | = 0.27% - price elasticity of demand

[@johnryanlecciones1463]

Woahhhh this is very helpful!!!!! thank you sir

[@eunthebean8502]

YOU'RE A LIFESAVER thank you for your videos

[@avkashpatel3004]

Hii

[@artuksaltuk2722]

Thankssss you explained so good.

[@stevelawlor5112]

Could anyone explain how I can apply this for cross elasticity?

[@susanrodriguez9438]

Amazing video! This gave me total clarification on the subject, thank you

[@redguy9916]

you are the best

[@alexisgalisteo5542]

hello! i tried doing your formula but i am not getting the right answer. we also have some what of a different problem. i was presented with a table. The table starts with $2.50 - 0, $2.25 - 25, $2.00 - 50 and so on and so forth. it is asking me what is the price elasticity of demand between $2.50 and $2.25. the answer is -19 but i do not know how to find it. can you help? thank you!

[@Camronrichard1]

Were you taking classes at AMU?

[@calebstark6097]

thanks for the help! good stuff

[@XJay900]

this DUDE GO HARD

[@Putrii5463]

Thank you sir! :)

[@c2cclub965]

Who is watching this video in Nov.2020

[@spencerbevan9621]

awesome tutorial

[@adam.p.7536]

nice patagonia bro

[@amycutts8211]

What program do you draw in? I love the colors and would like to use it

[@soozixiang4483]

Brilliant!!

[@laurgao]

On the AP exam, do you use the midpoint formula?

[@rachelburke3199]

did u ever find out the answer lol....

[@matthews2053]

so ik this was a couple of years ago but i thought all of those calculations were absolute value? why is there negative values

[@mzaz2844]

awesome!!

[@turkishcollector8419]

Thank you!

[@meghathakur6341]

nice video

[@samsouthworth6364]

RIP Juice Wrld

[@brandonkim2483]

rest in piece