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This Elastic and Inelastic Range of Demand for Monopolies instructional video also includes:
What are the elastic and inelastic ranges of a demand curve in imperfect competition, and how can you tell?
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2 Downloads
CCSS:
Adaptable
Additional Tags
Classroom Considerations
- Learners should understand the concept of total revenue test before beginning video
- Best used as a review tool rather than as a stand-alone lesson
- This video is hosted on YouTube
Pros
- Explains relationship between marginal revenue and total revenue by illustrating on a graph
Cons
- Instructor moves quickly through content