KrayZMattii3 (November 30, 1999 at 12:00 am)

great video ,very hopefull

billybobpie (November 30, 1999 at 12:00 am)

thanks for the video!,could you please tell me why the price elasticity of supply for agricultural goods differs in the long run compared to the short run?

xazngiirlx (November 30, 1999 at 12:00 am)

umm what about perfectly elastic or inelastic supply? how do u know when thats the case? is it when the value is 0 or infinity?

000TheGingerOne000 (November 30, 1999 at 12:00 am)

this video was really great, thanks very much ! :D

npmmurshid (November 30, 1999 at 12:00 am)

Excelente way to understanding the economics it's helps me to understand very easy.thx

sntmiranda (November 30, 1999 at 12:00 am)

Excelente el video, ahora entiendo mucho mejor. Como decían por ahí; claro y conciso. Gracias! ;)

azbap (November 30, 1999 at 12:00 am)

This is an answer to the question that someone asked, its below my typing" Firms usually wish to measure the PES since it will provide an insight into the way in which price affected by the supply available is low, price will increase and when supply is high the price will decrease.

cookdave (November 30, 1999 at 12:00 am)

You missed out unitary elasticity, which is the most important one imo as it indicates monopolistic activity. Land has a unitary elasticity, the supply is fixed; we cannot create anymore of it and its also fixd in location, we cannot take it to where it is needed.This is v.important but is consistently missed in economics theory. Because when the price rises, instead of increasing supply we funnel more investent into land speculation, which raises costs and makes production more difficult

shylonguyen (November 30, 1999 at 12:00 am)

EXCELLENT. So much easier to understand than the the text book.

WOGI5M (November 30, 1999 at 12:00 am)

Thanks so much for this. I was stuck on PES, but you have clarified it for me.