Chapter 18 - Extensions of Demand and Supply Analysis

Chapter 18 Online Learning Center Resources: CLICK HERE!

Price Elasticity of Demand
  • The Price-Elasticity Coefficient and Formula
  • Interpretations of Ed
  • The Total-Revenue Test
  • Price Elasticity and the Total-Revenue Curve
  • Determinants of Price Elasticity of Demand
  • Applications of Price Elasticity of Demand


Price Elasticity of Supply
  • Price Elasticity of Supply: the Market Period
  • Price Elasticity of Supply: the Short Run
  • Price Elasticity of Supply: the Long Run
  • Applications of Price Elasticity of Supply

Cross Elasticity and Income Elasticity of Demand
  • Cross Elasticity of Demand
  • Income Elasticity of Demand

Consumer and Producer Surplus
  • Consumer Surplus
  • Producer Surplus
  • Efficiency Revisited
  • Efficiency Losses (Deadweight Losses)




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