Total revenue and elasticity | Elasticity | Microeconomics | Khan Academy

Courses on Khan Academy are always 100% free. Start practicing-and saving your progress-now: www.khanacademy.org/economics...
Thinking about how total revenue and elasticity are related
Watch the next lesson: www.khanacademy.org/economics...
Missed the previous lesson? www.khanacademy.org/economics...
Microeconomics on Khan Academy: Topics covered in a traditional college level introductory microeconomics course
About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content.
For free. For everyone. Forever. #YouCanLearnAnything
Subscribe to Khan Academy's Microeconomics channel: / channel
Subscribe to Khan Academy: kzbin.info_...

[@stephigirl2000]

I am so grateful to have the Khan Academy as a resource while trying to navigate through my Microeconomics course!

[@ricardobass4831]

Sir, you are the reason I can study the day before my tests. I love you.

[@krishnendubanerjee3431]

Mr Khan, You are the best economics teacher available not only on KZbin but in the whole world. I do not understand anything that I is being taught in my class by ny teacher, but with your videos, I am a 100% sure that I'll clear my semester (with a good percentage). Sir, You are AWESOME. Thanks for donating free information and knowledge to the society.

[@leahstewart6868]

This man is an excellent teacher, and his fun personality really comes through. Thank you so much for making this video. Just watching you enjoy yourself eliminated all my stress. Have a wonderful day and stay blessed!!!

[@shiza223]

People like you deserve heaven. Keep it up Sal!!

[@azabreham]

Just had the most satisfying brain click as you graphed the TR. Thanks!

[@jstjeonjk8722]

You are literally the best on the internet

[@mindingmybusiness4846]

Thank you!! Well- explained!

[@ammarasim6351]

Most helpful page ever!!!!

[@theSpicyHam]

Extremely high quality!!

[@georgeadamson1795]

probably the best resource in the internet'

[@charlesbenson2203]

I could listen to Sal say "burger stand" all day. Also thank you so much for this

[@Alejandro-dx5kx]

This man is so knowledgeable

[@gonzalochavez2006]

Great video!! I have 2 questions 1. We are calculating the price that maximize the revenue, in which we are not using the elasticity. In this case why is important de elasticity? 2. How can I calculate the elasticity of the six price points (not individually, like a everything)? Thanks in advance for your reply.

[@N.aesth1]

This explains so much, thank you, I was a bit confused after class, and this cleared it and gave much more information!❤

[@UnitedPebbles]

These are basic education, Kurt. Illustrated by these elementary models to captivate student interest in the study. That would be in the field of Ph.D.. Of course we don't want to generalize things.

[@matthewdam7500]

Thank you!

[@hung89341]

11:00 anyone can explain how the percent change in quantity and price affect area of total of revenue?

[@hindugramsci]

When Demand Curve is Inelastic; Price and Total revenue move in the same direction (Increase in Price results in Increase in Total Revenue and vice-versa). So the percentage change in Price results to a proportionally lower change in Quantity demanded and hence the area of the total revenue changes because the increase in revenue resulting from selling the product at an increased price is greater than the loss in revenue resulting from reduction in quantity demanded.

[@attahussainmusavideputyreg9842]

I have a query, how do I calculate the price elasticity for say the given data? What formula do I use?

[@rajwasalam1142]

Thankyou

[@LinhVu-ru4wx]

"short and fat rectangle" =))

[@shoaibshah3141]

If total revenue rises for the good price falls then , is called elastic or in elastic?

[@mimiesdiaries]

POV: Its 2023 and this man's video from 11 years ago is saving your microeconomics module grades.

[@conybabyyeah]

thanks

[@gdogvibes1]

Multiple topics are covered. Try going over his beginning math tutorials. Usually people get flustered when they don't understand things. Learn at your own pace, good luck pal'!

[@banfuckingkai]

this is economics..

[@amansrivastava8978]

Instead of making a curve, why didn't he simply join point C and point D ?

[@doubleja]

@johmarie7 ...

[@hicamiai6691]

Sht... Day before my exam ik nothing. But here I am..... Absorbing every information like a sponge 🤣

[@poojabhosale9261]

Hii I tried constant unit elasticity.. but the the demand graph is always a diagonal straight line.. and not curve.. so can u explain that plz.. coz u have shown curve..

[@anushkasomathilake2515]

here the demand curve is linear just for the simplicity of studying. it doesn't necessarily has to be linear.

[@jackuy12345]

there are a lot of math and statistics in economics...

[@shawnschaworski2132]

Did u say area in a curve ? Half ? Huh 🤔 !!