Lecture 9 Elasticities Elasticities are measures of responsiveness Elasticities are measures of responsiveness –The response of one variable to changes.
Elasticity
E LASTICITY Managerial Economics Jack Wu. E LASTICITY.
L ECTURE T HREE : E LASTICITY IPEM Tohoku University Managerial Economics Lecturer: Jack Wu Period 1/ February 15 2011.
E LASTICITY Managerial Economics Jack Wu. N EW Y ORK C ITY T RANSIT A UTHORITY May 2003: projected deficit of $1 billion over following two years Raised.
