Elasticity and Revenue
What is elasticity? Here is an answer from The Joy of Economics:
faculty.winthrop.edu/stonebrakerr/book/elasticity.htm
This site uses Java to give an interactive lesson on price elasticity of demand:
sambaker.com/econ/elast/elast.html
A continuation of the interactive elasticity lesson, getting a bit more technical:
sambaker.com/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
The most basic relationship between elasticity and marginal revenue is explained here:
www.amosweb.com/cgi-bin/awb_nav.pl?s=wpd&c=dsp&k=monopoly,+marginal+revenue+and+demand+elasticity
These links were checked on December 2, 2013.
  
Copyright Robert Schenk
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