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OpenStax Principles of Macroeconomics 2e, Elasticity, Elasticity and Pricing
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By the end of this section, you will be able to:

Analyze how price elasticities impact revenue
Evaluate how elasticity can cause shifts in demand and supply
Predict how the long-run and short-run impacts of elasticity affect equilibrium
Explain how the elasticity of demand and supply determine the incidence of a tax on buyers and sellers

Subject:
Applied Science
Material Type:
Module
Date Added:
08/21/2018