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Elasticity of Demand

577,654 views

Marginal Revolution University

Video Language:

  • English

Caption Language:

  • {{captionLanguage | language_name}} ({{captionLanguage}})

Accent:

  • English (US)

Speech Time:

95%
  • 12:59 / 13:36

Speech Rate:

  • 161 wpm - Fast

Category:

  • Education

Tags :

Intro:

Video Vocabulary

discuss

/dəˈskəs/

verb

talk about something with person or people.

memorize

/ˈmeməˌrīz/

verb

commit to memory.

material

/məˈtirēəl/

adjective noun

tangible. Substance from which a thing is made of.

demanded

/dəˈmand/

verb

ask authoritatively.

formulas

/ˈfôrmyələ/

noun other

mathematical relationship in symbols. Plans, rules or methods for doing or making some things.

another

/əˈnəT͟Hər/

adjective determiner pronoun

One more, but not this. used to refer to additional person or thing of same type as one. additional person or thing of same type.

increase
noun verb

Fact of increasing; amount something grows by. To make or become larger in size or amount.

applications

/ˌapləˈkāSH(ə)n/

noun other

formal request. Software programs, e.g. for smart phone.

foundational

/founˈdāSH(ə)nəl/

adjective

denoting underlying basis or principle.

elasticity

/ēˌlaˈstisədē/

noun

ability of object or material to resume its normal shape after being stretched or compressed.

quantity

/ˈkwän(t)ədē/

noun

amount or number of material or abstract thing not.

because

/bēˈkəz/

conjunction

For a reason.

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