Elasticity and Revenue
What is elasticity? Here is a short answer from a page at
Northern Virginia Community College:
www.nvcc.edu/home/sdas/elasticity/index.htm
This site at the University of South Carolina uses Java
to give an interactive lesson on price elasticity of
demand:
hspm.sph.sc.edu/COURSES/ECON/Elast/Elast.html
The University of South Carolina site continues its
interactive elasticity lesson, getting a bit more
technical:
hspm.sph.sc.edu/COURSES/ECON/Elas2/Elas2.html
The economics pages at about.com are often disappointing,
but their pages on elasticity are OK:
economics.about.com/cs/micfrohelp/a/income_elast.htm
The link here is the first page in a series of pages that
explain marginal revenue with a numerical example:
economics.about.com/od/coststructure/ss/revenue_costs.htm
This page from a site at MIT not only explains the
formula relating elasticity of demand to marginal revenue,
but it has a very clever graph that lets you move quantity
and see what happens to total revenue and marginal
revenue:
plaza.mit.edu/econ/index.php?id=20
These links were checked on July 4, 2008.
 
Copyright
Robert Schenk
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