The Price Elasticity of Demand

• Chapter Five:

• Elasticity

• The Price Elasticity of Demand

• Table 5.1: Relationship Between Price and Quantity Demanded for Braeburn’s Poetry Book

• Figure 5.1: Demand Curve for Braeburn’s Poetry Book

• Figure 5.2: Perfectly Inelastic Demand and Perfectly Elastic Demand

• Figure 5.3: Elasticity Varies Along a Straight-Line Demand Curve

• Figure 5.4: Changing the Scale of Braeburn’s Demand Curve

• Figure 5.5: Braeburn’s Book Revenues

• Table 5.2: Effects of Price Changes on Revenues

• Table 5.3: Some Estimated Price Elasticities of Demand

• The Price Elasticity of Supply

• Figure 5.6: Price Elasticity of Supply

• Income Elasticity of Demand

• Figure 5.7: Income Elasticity of Demand