Random Fact

As of July 2013, Indonesia had a population of 251 million people, a labor force of 118 million people, and an unemployment rate of 6.1%. Its 2012 real GDP growth rate was 6.2% (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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