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Chapter Four: Elasticity
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The Price Elasticity of Demand
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Table 4.1: Relationship Between Price and Quantity Demanded for Braeburn’s Poetry Book
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Figure 4.1: Demand Curve for Braeburn’s Poetry Book
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Figure 4.2: Perfectly Inelastic Demand and Perfectly Elastic Demand
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Figure 4.3: Elasticity Varies Along a Straight-Line Demand Curve
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Figure 4.4: Changing the Scale of Braeburn’s Demand Curve
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Figure 4.5: Braeburn’s Book Revenues
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Table 4.2: Effects of Price Changes on Revenues
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Table 4.3: Some Estimated Price Elasticities of Demand
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The Price Elasticity of Supply
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Figure 4.6: Price Elasticity of Supply
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Income Elasticity of Demand
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Figure 4.7: Income Elasticity of Demand
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