Unit 2: Elasticity, Consumer Choice, Costs

Lesson 4a: Price Elasticity of Demand and Tax Incidence

Assignments: Video Lectures

2.4.1 Defining Elasticity 4:47 [MyNotes] 2.4.2 Calculating Elasticity 11:43 [MyNotes] 2.4.3 Applying the Concept of Elasticity 8:42 [MyNotes] 2.4.4 Identifying the Determinants of Elasticity 6:50 [MyNotes] 2.4.5 Understanding the Relationship between Total Revenue and Elasticity 8:09 [MyNotes] Examining the Effect of an Excise Tax on an Inelastic Good -- Cigarettes (econclassroom.com) 12:41 Examining the Effect of an Excise Tax on an Elastic Good -- Candy Bars (econclassroom.com) 8:08 OPTIONAL: Calculating and Interpreting Price Elasticity of Demand (econclassroom.com ) 11:46 OPTIONAL: Price Elasticity of Demand and the Total Revenue Test (econclassroom.com) 13:24

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