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Ms. Clancy's Economics
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Introduction
Microeconomics
The Consumer-Utility
Demand, Supply, Market Equilibrium
Elasticity
Market Structures
Costs, Revenues and Profits
Perfect Competition
Monopolistic / Imperfect competition
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Monopoly
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Elasticity
Price Elasticity of Demand (PED)
The Ranges in Value of PED
Perfectly Inelastic Demand
PED = 0
Perfectly Elastic Demand (PED = ∞)
Unitary Elastic (PED = 1)
Elastic Demand
(PED = Greater than 1)
Inelastic Demand
(PED = less than 1)
Income Elasticity of Demand (YED)
Elasticity-lorraine-clancy
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