I. | Introduction |
II.
| The Elasticity Concept |
III.
| Own Price Elasticity of Demand |
| A. | Elasticity and Total Revenue | B. | Factors Affecting the Own Price Elasticity | | 1. | Available Substitutes | | 2. | Time | | 3. | Expenditure Share | C. | Marginal Revenue and the Own Price Elasticity of Demand |
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IV.
| Cross-Price Elasticity |
V.
| Income Elasticity |
VI.
| Other Elasticities |
VII.
| Obtaining Elasticities from Demand Functions |
| A. | Elasticities for Linear Demand Functions | B. | Elasticities for Nonlinear Demand Functions |
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VIII. | Regression Analysis |
| A | Evaluating the Statistical Significance of Estimated Coefficients | | 1. | Confidence Intervals | | 2. | The t-Statistic | B. | Evaluating the Overall Fit of the Regression Line | | 1. | The R- Square | | 2. | The F-Statistic | C. | Nonlinear and Multiple Regressions | | 1. | Nonlinear Regressions | | 2. | Multiple Regression | D. | A Caveat | |
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IX.
| Answering the Headline |
X.
| Summary |
XI.
| Key Terms and Concepts |
XII.
| Conceptual and Computational Questions |
XIII.
| Problems and Applications |
XIV.
| Case-Based Exercises |
XV.
| Selected Readings |
