Demand and ElasticitiesΒΆ

Student Learning Outcomes:

  • Understand basic properties of the demand curve, including movements along and shifts in the curve

  • Examine different types of demand curves and their implications: non-log, semi-log, and log-log

  • Use np.polyfit to create a demand curve from provided data

  • Understand different types of elasticities and calculate price elasticities for demand