Lec 3 | MIT 14.01SC Principles of Microeconomics
Lecture 3: Elasticity Instructor: Jon Gruber, 14.01 students View the complete course: http://ocw.mit.edu/14-01SCF10 License: Creative Commons BY-NC-SA ...
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The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit mitopencourseware@ocw.mit.edu. PROFESSOR: So today what we're going to do is continue our discussion of supply and demand. This is sort of introduction week, if you will. We've kind of talked about supply and demand, and you guys, rightly, immediately were on to where do those curves come from. And that's what we'll start next week. But what I want to do today is talk some more about what determines the shapes of supply and demand curves and just think about an overview of how we think about supply and demand intera...
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The following content is provided under a Creative Commons license. Your support will help MIT OpenCourseWare continue to offer high quality educational resources for free. To make a donation or view additional materials from hundreds of MIT courses, visit mitopencourseware@ocw.mit.edu. PROFESSOR: So today what we're going to do is continue our discussion of supply and demand. This is sort of introduction week, if you will. We've kind of talked about supply and demand, and you guys, rightly, immediately were on to where do those curves come from. And that's what we'll start next week. But what I want to do today is talk some more about what determines the shapes of supply and demand curves and just think about an overview of how we think about supply and demand intera...
