Monday, February 9, 2015

Elasticity of Demand

Elasticity can be a tough concept.  To help you get a better grasp of the concept I have included a few articles and videos.  Hope they help!

1.  Super Bowl XVIII Pricing:  A Lesson In Demand Elasticity

2. EconEd provides a video and quiz about Demand Elasticity.

3.  Video to help you understand price elasticity in under 5 minutes...

Wednesday, February 4, 2015


The concept of demand is most closely related to our role as consumers.  For those of you searching for clarification of demand, I've compiled a few resources that may help you out.

1.  Law of Demand, by the Khan Academy

2.  The Demand Curve

3. Demand Shifters