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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

To talk about seriously or in great detail.

memorize

/ˈmeməˌrīz/

verb

To study something so that you remember it.

material

/məˈtirēəl/

adjective noun

Relevant; (of evidence) important or significant. Cloth; fabric.

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

rise in size, amount, or degree of something. To make or become larger in size or amount.

applications

/ˌapləˈkāSH(ə)n/

noun other

The specific use of a machine, idea, or discovery. 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

A large amount of something.

because

/bēˈkəz/

conjunction

for reason that.

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