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\nRearranging Elasticity Formulas and the Elasticity Triangle\n

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\nIn this video, the instructor teaches how to rearrange elasticity formulas to make any variable the subject of the formula. The video focuses on price elasticity of demand as an initial example and demonstrates how to substitute and...\nIn this video, the instructor teaches how to rearrange elasticity formulas to make any variable the subject of the formula. The video focuses on price elasticity of demand as an initial example and demonstrates how to substitute and rearrange formulas using mathematical operations. The instructor also introduces the concept of an elasticity triangle and shows how to apply it to calculate the main elasticities in economics.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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11:13
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Grade
12th - Higher Ed
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Subjects
Social Studies & History
3 more...
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Media Type
Instructional Videos
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Source:
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\nKnowMo Economics\n\n
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Date
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2018
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Concepts

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economics, elasticity, price elasticity, time, demand
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Additional Tags

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a-level, lectures, micro, 3.5a, re-working, with, the, formula, quantity demand, hand side, hand corner, cross elasticity, proportionate change, elasticity triangle, price times, whichever term, elasticity formula, formula tells, demand equals, original formula, good rises, original equation, bottom left, change, triangle, price, term, divided, portion, supply, equation, bottom, good, rearrange
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Classroom Considerations

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Best For: Explaining a topic
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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Rearranging Elasticity Formulas and the Elasticity Triangle\" href=\"/subscription/new\">\"Rearranging\n\n
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