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Teaching Resources
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Transparency No.
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Figure/Table No.
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Caption
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5-1
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Figure 5-1
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The Price Elasticity of Demand
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5-2
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Figure 5-2
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Total Revenue
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5-3
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Figure 5-3
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How Total Revenue Changes When Price Changes: Inelastic
Demand
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5-4
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Figure 5-4
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How Total Revenue Changes When Price Changes: Elastic
Demand
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5-5
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Table 5-1 and Figure 5-5
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A Linear Demand Curve and Computing the Elasticity
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5-6
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Figure 5-6
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The Price Elasticity of Supply
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5-7
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Figure 5-7
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How the Price Elasticity of Supply Can Vary
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5-8
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Figure 5-8
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An Increase in Supply in the Market for Wheat
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5-9
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Figure 5-9
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A Reduction in Supply in the World Market for Oil
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5-10
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Figure 5-10
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Policies to Reduce the Use of Illegal Drugs
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