Price Elasticity of Demand (PED) - Point PED & ARC PED Formula w/Mid-Point Formula - Microeconomics

http://www.subjectmoney.com http://www.subjectmoney.com/definitiondisplay.php?word=Price%20Elasticity%20of%20Demand In this lesson I am briefly teaching the formulas behind price elasticity of demand. I teach the point price elasticity of demand formula and the ARC price elasticity of demand formula which contains the mid-point formula. I also cover what the values mean. A PED greater the 1 is inelastic, a value less than 1 is elastic and a value equal to 1 is unit elastic. The goal is to have a ped of 1 which is the price where revenues will be maxed. Please don't forget to subscribe, rate & share our videos. Please also visit our websites at http://www.subjectmoney.com & http://www.excelfornoobs.com. https://www.youtube.com/user/Subjectmoney https://www.youtube.com/watch?v=8a6zADgZM9s http://www.roofstampa.com hjttp://roofstampa.com http:/www.subjectmoney.com http://www.excelfornoobs.com