Economics Simplified – Episode 5: Elasticity of Demand | Price Elasticity & Goods Classification
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YouTubePraxis Business School
Economics Simplified – Episode 5: Elasticity of Demand | Price Elasticity & Goods Classification
In Episode 5 of Economics Simplified, Dr. Sayantani Roy Choudhury introduces one of the most important concepts in economics — Elasticity of Demand. This episode focuses on Price Elasticity of Demand, explaining: • Why elasticity is usually negative • Normal goods vs. Giffen goods • Elastic and inelastic demand • How price changes ...
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