How to Calculate Cross Elasticity of Demand

Подписаться 87 тыс.

Просмотров 130 тыс.

50% 1

Visual Tutorial on how to calculate cross elasticity of demand. Animations on the theory and a few calculations. Includes the calculation of percent change in price of y and the percent change in the quantity of x.
Like MyBookSucks on FB / partymorestudyless
"Party More Study Less!"

Опубликовано:

8 окт 2012

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 52

@janchristopherco164 10 лет назад

I have an assignment and a quiz today arghhh..., when i search through youtube there are allot of videos for solving elasticity and i'd say this video was one of the best, very informative than my economic professor hahaha, thanks allot economicFun it helped allot.

@jeffwasielewski6395 10 лет назад

Your videos and teaching are outstanding. Thank you for your time and efforts! I will remember to like your page on Facebook as well!

@economicsfun 10 лет назад

Thanks Jeff for the feedback. It is much appreciated.

@Manas_Choudhary 2 года назад

Wow, I'm actually having fun studying economics. You made it happen. Thank you.

@zandilekhambula3982 5 лет назад

Your videos are amazing!!! As a tutor I would like yo say thanks for the big big help!

@jonathanfactor2423 3 года назад

The instructions was very clear so it was easy to follow thanks a lot ❤️

@Xez1919 9 лет назад

The base should be (Q1 + Q2) / 2 because we want the same increase and decrease in percentages wheter we upside upwards or downwards!

@adrianmarigondon4400 2 года назад

Your tutorial is very informative. I just wanted to ask, do I still have to compute the cross-price elasticity if the prices are still the same but there is a changes in quantity demand? Thank you for your response!

@Thisislilian 4 года назад

This is amazing, I love it!

@light_to_hope 2 года назад

Very nicely explain sir thanks alot tomorrow is my paper and I had confusions with this but this video cleared all😊

@chavkiller100 10 лет назад

Big test test tomorrow thanks for the help :)

@economicsfun 11 лет назад

Many thanks for your compliments.

@learngermanghana 3 года назад

Best tutorial. Thanks a lot

@muhammadhammadsami 8 лет назад

Thank you very much, very good tutorial.

@samimhameedi522 4 года назад

Awsome Awsome, very nice, fully understands the issue. bundle of thanks

@economicsfun 11 лет назад

You are very welcome. Make sure you like MyBookSucks on FaceBook (see link in video description). This will help other students find the vids.

@economicsfun 11 лет назад

Many thanks! Make sure you like MyBookSucks on FaceBook (see link in video description). This will help others find the educational videos.

@redwinepinkhair 8 лет назад

That was excellent!

@smithksacademy6462 11 лет назад

where can you show the price increases from 1 to 2 . in the above you did nt show price increase from 1 to 2 in cross elasticity of demand.

@user-oj3wf3gd9n 3 года назад

You make it easy. Thanks

@drkblck12 11 лет назад

:)you are like miracle thank you

@economicsfun 11 лет назад

I am not sure what you are referring to because I show the calculation at about 4:00 in the video.

@marymargarethamoy2277 3 года назад

Thanks this is so helpful💝🥰

@rozz5919 3 года назад

Do you have a video for calculation of price elasticity of demand?

@Phazratali786 7 лет назад

hi sir hope you are fine so what about the price when it is 2 the price will be increases

@deeptiyadav6406 3 года назад

Amazing!

@economicsfun 11 лет назад

Yes, you are technically correct it is "complement" not "compliment", in the states we are not that worried about the nuances of the queens language. We are not picky on color or colours or flavors or flavours either.

@economicsfun 11 лет назад

I need to send you a MyBookSucks Frisbee or t-shirt!

@mdrokonuzzamankhan5062 2 года назад

I can't thank you enough

@ivystutorial Год назад

What app did u use to create this video.. please let me know

@proudlyunvaccinated7911 2 года назад

Perfect thank u♥️

@KudzaiMukaratirwa 11 лет назад

Wonderful stuff!! Hahahahaha @9:47 "don't be hating" :')

@ice_kofi 4 года назад

Was helpful 👍🏾👍🏾👍🏾

@MasterMilesBurton 11 лет назад

Thanks for the video! but slight problem.. I have always been taught in Economics,they are Complements not Compliments, sorry to whine but keep the video's coming :)

@wiiliskaako5875 6 лет назад

hi , lets say that i gave you the prices in percentage and the quantity demanded with no percentage , how am i going to solve it , my lecturer is confusing , you guys are giving easy exmple .

@phyuzin4195 8 лет назад

Thanks alot

@gowtham9719 8 лет назад

thanks alot☺

@chayanikagupta6017 2 года назад

Thank you

@keithhudson3138 6 лет назад

Why don't you do the average of x and y (add the two sums and divide by 2) versus just subtracting? This is confusing to a new economics student like me watching various videos.

@ocsosweet 10 лет назад

thanks

@economicsfun 11 лет назад

Thanks! Make sure you like MyBookSucks on Facebook too (see link in the video description). Good luck in your classes too.

@armygirl7117 2 года назад

Find when price changes but demand changes

@Phazratali786 7 лет назад

so what about the zero goods

@nazmussakib9114 8 лет назад

helpful

@BanhB6 10 лет назад

don't be hatin HAHAHA

@economicsfun 11 лет назад

@dingywa63149 11 лет назад

second

@arunabhsarkar1 11 лет назад

first

@azaraftimos9146 9 лет назад

Thanks a lot

@economicsfun 9 лет назад

***** You are very welcome. Hopefully you will like, share, subscribe, If you get a chance could you please like our FB page. www.FaceBook.Com/PartyMoreStudyLess It will help others find the videos.