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Intermediate microeconomics
Chapter 5
Lectures on consumer's surplus
Consumer surplus, discrete goods
Consumer surplus with continuous demand
Lectures on market demand
The market demand model and aggregate demand
Price elasticity of demand
Price elasticity of demand - logs, units and elastic vs inelastic demand
Price elasticity of demand for linear demand functions
Revenue function
The connection between the price elasticity of demand and changes in revenue
The sign of the derivative of the revenue function when demand is elastic and inelastic
Marginal revenue
Income elasticity of demand
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The connection between the price elasticity of demand and changes in revenue
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Summary
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