Y1 15) Elasticity - Business Use and Limitations

[@formularainbow]

my textbook doesn't have anything other than the use of PED lolzzz, thanks big daddy dal

[@thesnackbandit]

Performance enhancing drugs?

[@iblondse]

​@@thesnackbandit price elasticity of demand

[@Alex-bf7mc]

My g

[@russelphiri3858]

You're amazing for uploading this

[@spider9435]

This guy is the goat

[@lizzyphilips492]

I UNDERSTAND!! THANK YOU

[@JC-cu2ym]

Can you please post a video explaining elasticity with tax incidence??

[@r.s.t4289]

Yes econ dal lad, 👩🏿‍🦼

[@kabirudaysingh9654]

Hi. Just wanted to know the usefulness of PED during a recession. YED is very clear but i am unsure regarding what i Should write in relation to the usefulness of PED during a recession

[@godspeed7083]

Since incomes are likely to be low during a recessions if price rises then demand is likely to fall by a much larger amount (so price elastic in recession) since it takes up a large percentage of someone's income. This is in his PED video where % of income is a determinant of PED.

[@samueljwilson418]

Thank you

[@hannahcp7385]

Great evaluation, thank you. Got one question: where in an essay would you put each of the breakdown points of PED, PES, XED and YED? At the end of each paragraph as an evaluation point??

[@alexg9544]

Hannah CP yes

[@yuhyuh6311]

@@alexg9544 yes to which question?

[@Dini6969]

@@yuhyuh6311 a yes response only makes sense to the second question so I would have thought that one lol

[@dyumnaawasthi]

what does the T stand for in PSSST

[@adamali6288]

The t stands for time period, in the long run goods and services are more price elastic as more substitutes become available in the market.

[@din31.5]

@@adamali6288 actually no.

[@adamali6288]

@@din31.5 wha do you mean “no”?.

[@din31.5]

@@adamali6288 the "time" part is correct, but the reason PES becomes more elastic in the long run is because all factors of production become variable for firms...

[@fayzaansayed3898]

Well framed discussion, what does t stand for in pssst

[@krishmarpuri9173]

time

[@jsa7655]

is this for aqa as well

[@mtsl7780]

@@jakescott8768 no yes no

[@mpandesyambayi5898]

Any Calculations using Derivatives?

[@ric6383]

Many thanks.

[@Rover800Coupe]

This difference between PED and PES is confusing because they both needs to ramp-up output at short notice. M.

[@6karauni]

Real ones thought of that clip of Stringer from The Wire

[@nickn__7664]

your a fucking god