管理经济学-托马斯版pptChap006幻灯片课件.ppt

Click to edit Master title style,Click to edit Master text styles,Second level,Third level,Fourth level,Fifth level,*,*,Managerial,Economics,Copyright 2007 by the McGraw-Hill Companies,Inc.All rights reserved.,McGraw-Hill/Irwin,Click to edit Master title style,Click to edit Master text styles,Second level,Third level,Fourth level,Fifth level,6-,*,管理经济学-托马斯版pptChap006,Elasticity,Responsiveness,E,Elastic,Unitary Elastic,Inelastic,Table 6.1,Price Elasticity of Demand(,E,),%,Q,%,P,%,Q,=,%,P,%,Q,1,E,=1,E,%,P,%,Q,=,%,P,%,Q,0,B 0,MR,=0,MR,1),TR,decreases as,Q,increases,(,P,decreases),TR,is maximized,TR,increases as,Q,increases,(,P,decreases,),Unit Elastic (,E=,1),Inelastic (,E,1),Marginal Revenue&Price Elasticity,For all demand&marginal revenue curves,the relation between marginal revenue,price,&elasticity can be expressed as,Income Elasticity,Income elasticity,(,E,M,),measures the responsiveness of quantity demanded to changes in income,holding the price of the good&all other demand determinants constant,Positive for a normal good,Negative for an inferior good,Cross-Price Elasticity,Cross-price elasticity,(,E,XR,),measures the responsiveness of quantity demanded of good,X,to changes in the price of related good,R,holding the price of good,X,&all other demand determinants for good,X,constant,Positive when the two goods are substitutes,Negative when the two goods are complements,Interval Elasticity Measures,To calculate interval measures of income&cross-price elasticities,the following formulas can be employed,Point Elasticity Measures,For the linear demand function,Q=a+bP+cM+dP,R,point measures of income&cross-price elasticities can be calculated as,此课件下载可自行编辑修改，仅供参考！感谢您的支持，我们努力做得更好！谢谢,