Random Fact

China's real GDP rose by 7.4% in 2014. It rose by 7.7% in 2013 and 2012 (CIA World Fact Book). 

Unit 3: Elasticity

Introduction
Section 1: Demand Curves and Elasticity
Section 2: Elasticity and the Slope of the Demand Curve
Section 3: Determinants of Price Elasticity of Demand
Section 4: Elasticity and Total Revenue
Section 5: Income Elasticity of Demand, Cross Price Elasticity of Demand, and Price Elasticity of Supply
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