Microeconomics

  1. Elasticity and Its Applications
    1. Price Elasticity of Demand
      1. Definition and Interpretation
        1. Calculating Price Elasticity of Demand
          1. Percentage Change Formula
            1. Midpoint Method
              1. Point Elasticity
              2. Interpreting Elasticity Values
                1. Elastic Demand
                  1. Inelastic Demand
                    1. Unit Elastic Demand
                      1. Perfectly Elastic Demand
                        1. Perfectly Inelastic Demand
                        2. Elasticity and the Slope of the Demand Curve
                          1. Relationship Between Slope and Elasticity
                            1. Elasticity Along a Linear Demand Curve
                            2. Total Revenue and Price Elasticity of Demand
                              1. Relationship Between Price and Total Revenue
                                1. Revenue Implications of Elasticity
                                  1. Revenue Test for Elasticity
                                  2. Determinants of Price Elasticity of Demand
                                    1. Availability of Substitutes
                                      1. Necessities vs. Luxuries
                                        1. Definition of the Market
                                          1. Time Horizon
                                            1. Proportion of Income Spent
                                          2. Other Demand Elasticities
                                            1. Income Elasticity of Demand
                                              1. Definition and Calculation
                                                1. Normal Goods
                                                  1. Inferior Goods
                                                    1. Luxury Goods
                                                    2. Cross-Price Elasticity of Demand
                                                      1. Definition and Calculation
                                                        1. Substitutes
                                                          1. Complements
                                                            1. Independent Goods
                                                          2. Price Elasticity of Supply
                                                            1. Definition and Interpretation
                                                              1. Calculating Price Elasticity of Supply
                                                                1. Percentage Change Formula
                                                                  1. Midpoint Method
                                                                  2. Interpreting Elasticity Values
                                                                    1. Elastic Supply
                                                                      1. Inelastic Supply
                                                                        1. Unit Elastic Supply
                                                                          1. Perfectly Elastic Supply
                                                                            1. Perfectly Inelastic Supply
                                                                            2. Determinants of Price Elasticity of Supply
                                                                              1. Flexibility of Sellers
                                                                                1. Time Period Considered
                                                                                  1. Availability of Inputs
                                                                                    1. Storage Capacity
                                                                                  2. Applications of Elasticity
                                                                                    1. Tax Incidence and Elasticity
                                                                                      1. Agricultural Markets
                                                                                        1. Drug Policy and Elasticity

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                                                                                      2. Supply and Demand

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                                                                                      4. Consumer Choice Theory