15market demand and elasticity-ho - Market Demand Demand...

Info icon This preview shows pages 1–7. Sign up to view the full content.

View Full Document Right Arrow Icon
Market Demand Demand Elasticity Elasticity & Revenue Market Demand cont. Chapter 15
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Market Demand Demand Elasticity Elasticity & Revenue Outline Deriving market demand from individual demands How responsive is q d to a change in price? (elasticity) What is the relationship between revenue and demand elasticity?
Image of page 2
Market Demand Demand Elasticity Elasticity & Revenue Clicker Vote When deriving market demand from individual demand curves, we add them up A) Vertically B) Diagonally C) Horizontally D) It depends
Image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon