This Elastic and Inelastic Range of Demand for Monopolies video also includes:
What are the elastic and inelastic ranges of a demand curve in imperfect competition, and how can you tell?
3 Views 2 Downloads CCSS: Adaptable
- Learners should understand the concept of total revenue test before beginning video
- Best used as a review tool rather than as a stand-alone lesson
- Explains relationship between marginal revenue and total revenue by illustrating on a graph
- Instructor moves quickly through content