AP-微观经济学讲义-弹性.pdf

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1、Chapter5ApplicationsofDemandandSupply-ElasticityofDemandandSupply-ByJacindaJiaCHAPTER6:Elasticity:TheResponsiveness©2006PrenticeHallBusinessPublishingEconomicsR.GlennHubbard,AnthonyPatrickO’Brien—1sted.1of29DoPeopleCareaboutthePricesofBooks?Afterstudyingthischapter,youshouldbeableto:1Defineth

2、epriceelasticityofdemandandunderstandhowtocalculateit.2Discussthedeterminantsofthepriceelasticityofdemand.3Understandtherelationshipbetweenthepriceelasticityofdemandandtotalrevenue.4Definethecross-priceelasticityofdemandandtheincomeofDemandandSupplyelasticityofdemand,andunderstandhowtheyareca

3、lculatedandwhattheirmainInthischapterwewillseedeterminantsare.howtomeasurethe5Usepriceelasticityandincomeelasticitytoanalyzeeconomicresponsivenessoftheissues.quantitydemandedofa6DefinethepriceelasticityofproducttochangesinitsCHAPTER6:Elasticity:TheResponsivenessLEARNINGOBJECTIVESsupply,andund

4、erstandhowitprice.iscalculatedandwhatitsmaindeterminantsare.©2006PrenticeHallBusinessPublishingEconomicsR.GlennHubbard,AnthonyPatrickO’Brien—1sted.2of29Elasticity:TheResponsivenessofDemandandSupplyElasticityAmeasureofhowmuchoneeconomicvariablerespondstochangesinanothereconomicvariable.ofDeman

5、dandSupplyCHAPTER6:Elasticity:TheResponsiveness©2006PrenticeHallBusinessPublishingEconomicsR.GlennHubbard,AnthonyPatrickO’Brien—1sted.3of291LEARNINGOBJECTIVEThePriceElasticityofDemandandItsMeasurementPriceelasticityofdemandTheresponsivenessofthequantitydemandedtoachangeinprice,measuredbydivid

6、ingthepercentagechangeinthequantitydemandedofaproductbythepercentagechangeintheproduct’sprice.MeasuringthePriceElasticityofDemandofDemandandSupplyCHAPTER6:Elasticity:TheResponsiveness©2006PrenticeHallBusinessPublishingEconomicsR.GlennHubbard,AnthonyPatrickO’Brien—1sted.4of29ThePriceElasticity

7、ofDemandandItsMeasurementElasticDemandandInelasticDemandElasticdemandDemandiselasticwhenthepercentagechangeinquantitydemandedisgreaterthanthepercentagechangeinprice,sothepriceelasticityisgreaterthan1inabsolutevalue.ofDemandandSupplyInelasticd