The Lerner Index

This video introduces the concept of the Lerner Index and discusses the relationship between price elasticity of demand and the markup of price over marginal cost. For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.c... For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.c... By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook:   / economistsdoitwithmodels   Twitter:   / jodiecongirl   Tumblr:   / economistsdoitwithmodels