{"page":"\n\n
\n
\n
\n
\n
\n\nVideo\n
\n

\nDeterminants of Price Elasticity of Demand\n

\n
\n
\nGet Free Access for 10 Days!\n
\n
\n
\n
\n
\n
×
\n\n\n
\n\nPublisher:\n\nCurated Video\n\n\n
\n
\nThis video discusses the determinants of price elasticity of demand, which is a key concept in economics. The video uses two examples and explains the five main factors that affect the price elasticity of demand at an A-level, including...\nThis video discusses the determinants of price elasticity of demand, which is a key concept in economics. The video uses two examples and explains the five main factors that affect the price elasticity of demand at an A-level, including substitutability, necessity, percentage of income spent on the product, the width of the product's definition, and the length of the time period under consideration. The video explains how each of these factors affects the price elasticity of demand and how they can be used to predict consumer behavior.\n
\n
\n\n
\n
\n
\n
\n

Resource Details

\n
\n
\n
\n
Curator Rating
\n
\n
\n
\n
\n
\n
Educator Rating
Not yet Rated
\n
\n
\n
\n
\n
Media Length
\n
8:38
\n
\n
\n
\n
\n
Grade
12th - Higher Ed
\n
\n
\n
\n
\n
Subjects
Social Studies & History
3 more...
\n
\n
\n
\n
\n
Media Type
Instructional Videos
\n
\n
\n
\n
\n
Source:
\n
\nKnowMo Economics\n\n
\n
\n
\n
\n
\n
Date
\n
2018
\n
\n
\n
\n
\n\n
Language
English
\n
\n
\n
\n
\n
Audiences
For Teacher Use
2 more...
\n
\n
\n
\n
\n
Usage Permissions
Fine Print: Educational Use
\n
\n
\n
\n
\n
\n

Additional Materials

\n
\n\nSign in or Join Now
\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\">Video Transcript\n
\n
\n\nSign in or Join Now
\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\">Video Preview\n
\n
\n
\n

Concepts

\n
\n
economics, elasticity, determinants, chocolate, factors, products, income, demand
\n
\n\n\n
\n
\n
\n
\n

Additional Tags

\n
\n
a-level, lectures, micro, 3.1c, of, ped, price elastic, general rule, consumer spends, long run, short run, price increases, price rises, chocolate bar, time period, quantity demanded, elastic product, inelastic product, price, elastic, inelastic, good, quantity, diesel, call, swap, petrol, product, makes, people
\n
\n\n\n
\n
\n
\n
\n

Classroom Considerations

\n
Best For: Explaining a topic
Video is ad-free
\n
\n
\n

Educator Ratings

\n
\n
\n
\n
\n
\n\nShow resource details\n
\n
\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Determinants of Price Elasticity of Demand\" href=\"/subscription/new\">\"Determinants\n\n
\n
\n
\n\n\n\n"}