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Comparative Statics Part 3

This video is part 3 in a 3 part series on comparative statics, which is the analysis of changes in economic equilibrium. This video discusses the effect of elasticity on relative changes in price and quantity and also shows how to analyze changes in equilibrium when there are shifts in both supply and demand.. For more information and a complete set of microeconomics videos, see http://www.economistsdoitwithmodels.com/microeconomics-101 by Economists Do It With Models
Length: 08:48

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