Class Notes (839,315)
United States (325,922)
Economics (1,246)
ECON 20A (171)
Shan, H. (18)
Lecture 6

ECON 20A Lecture 6: Elasticity

5 Pages

Course Code
Shan, H.

This preview shows pages 1 and half of page 2. Sign up to view the full 5 pages of the document.
Lecture 6 Chapter 5: Elasticity Midterm: Chapter 1 to 5 Think of which curve to shift, and where to shift Once the demand curve shifts to the right while the supply curve remains the same the price and quantity will also raise Will have a new equilibrium Supply doesnt increase When demand and supply both raise Its obvious that the quantity raise Equilibrium will raise But the prices is interdermine Price change is ambiguous Demand increases
More Less
Unlock Document

Only pages 1 and half of page 2 are available for preview. Some parts have been intentionally blurred.

Unlock Document
You're Reading a Preview

Unlock to view full version

Unlock Document

Log In


Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.