Khan Academy: Total Revenue and Elasticity

This video lesson from Khan Academy is intended for students who are taking the AP Macroeconomics course. Students will take a deeper dive into the total revenue rule and the relationship between total revenue and elasticity.

Examines how total revenue and elasticity are related. [11:31]

Clarification on the relationship between total revenue and elasticity. [8:25]

Practice what you've learned about the relationship between price elasticity of demand and total revenue in this exercise. This resource is designed as a review for the AP Microeconomics Test or a college-level microeconomics course.

In this video lesson, explore a simple way to calculate the price elasticity of demand, how to interpret that calculation, and how price elasticity of demand varies along a demand curve. This resource is designed as a review for the AP...

This video lesson from Khan Academy discusses government expenditures. Specifically, earmarks, pork barrel projects and logrolling are highlighted. This lesson is intended for students taking a high school or college level American...

There are several factors that affect how elastic (or inelastic) the price elasticity of demand is, such as the availability of substitutes, the timeframe, the share of income, whether a good is a luxury vs. a necessity, and how narrowly...

An interesting case of taxes and tax incidence is when one of the curves is perfectly elastic. Explore what happens when demand is perfectly elastic in this video.

This video discusses the differences in a graph of marginal cost and marginal revenue for an imperfectly competitive firm compared to a perfectly competitive firm.

Given the cost of producing a good, what is the best quantity to produce? In this video we explore one of the most fundamental rules in microeconomics: a rational producer produces the quantity where marginal revenue equals marginal costs.