ECO 1013: CLASS REFLECTION WEEK 5

Assalamualaikum semua 

In week 5, kitorg kelas dgn sir Amir sekali je sebab kita cuti smpai hari selasa hehehe 

So lets get our learning gear on 

Hari ini, kita habis kan chapter 2 dgn last sub topic which is ELASTICITY

E L A S T I C I T Y

1. Elasticity  measure of responsiveness of Qs/Qd to change in one of its determinants

2. Price Elasticity of Demand  measure Qd due to change in price, P 

3. Degree of Price Elasticity Demand 

4. Income Elasticity of Demand measure responsiveness of change in Qd due to change of income.

5. Cross Price Elasticity of demand the degree of responsiveness of Qd of goods A to change in P of goods B

Thanks for reading !

 P/S : Extra video on Elasticity