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Elasticity of Supply

376,801 views

Marginal Revolution University

Video Language:

  • English

Caption Language:

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

Accent:

  • English (US)

Speech Time:

93%
  • 13:18 / 14:17

Speech Rate:

  • 161 wpm - Fast

Category:

  • Education

Tags :

Intro:

Video Vocabulary

supplied

/səˈplī/

verb

To give or sell goods to others for their use.

increase
noun verb

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

similarly

/ˈsim(ə)lərlē/

adverb

In a way almost the same as something else.

quantity

/ˈkwän(t)ədē/

noun

Amount or number of something.

instead

/inˈsted/

adverb

as alternative or substitute.

elasticity

/ēˌlaˈstisədē/

noun

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

decrease
noun verb

instance of becoming smaller or fewer. To reduce the size, amount or number of something.

measures

/ˈmeZHər/

noun other verb

plan or course of action. Tools used to calculate the size of some things. determine size or amount.

responsive

/rəˈspänsiv/

adjective

reacting quickly.

responsiveness

/rəˈspänsivnəs/

noun

quality of reacting quickly and positively.

covered

/ˈkəvər/

verb

To include as part of its area.

measuring

/ˈmeZH(ə)riNG/

adjective verb

denoting instrument or device used to ascertain size of something. To determine the value or importance of something.

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