ECON101: Principles of Microeconomics

2.6: Elasticity

• The Economic Education Group of the Federal Reserve Bank of St. Louis: Scott A. Wolla's "Higher Gasoline Prices: Temporary or Time to Buy a Hybrid?"

  Read this pamphlet and attempt the questions before viewing the answers. The answers are provided to you as a self-check.

• OpenStax College: "Principles of Microeconomics, Chapter 5: Introduction to Elasticity"

  Read this chapter to learn about the concept of elasticity. Be sure to read the sections following the introduction.

• Massachusetts Institute of Technology: John Gruber's "Lecture 3: Elasticity" Page

  Watch this lecture, focusing on both how elasticity is calculated as well as its potential implications for health care. Consider if you agree or disagree with the possible social and health implications of changing the overall elasticity of demand for national health systems.
  

• Khan Academy's "Price Elasticity of Demand" Page

  Watch this video about price elasticity of demand.
  

• Khan Academy's "More on Elasticity of Demand" Page

  Watch this video about elasticity of demand.
  

• Khan Academy's "Constant Unit Elasticity" Page

  Watch this video about constant unit elasticity.
  

• Khan Academy's "Total Revenue and Elasticity" Page

  Watch this video about total revenue and elasticity.
  

• Khan Academy's "More on Total Revenue and Elasticity" Page

  Watch this video about total revenue and elasticity.
  

• Khan Academy's "Cross Elasticity of Demand" Page

  Watch this video about cross elasticity of demand.
  

• Khan Academy's "Elasticity of Supply" Page

  Watch this video about elasticity of supply.
  

• Khan Academy's "Elasticity and Strange Percent Changes" Page

  Watch this video about elasticity and strange percent changes.
  

• Wolfram Demonstrations Project: "Tax Incidence"