Applications of Elasticity in Supply, Demand and Government Policies - Part 1

Learn how elasticity concepts apply to government market interventions in this 31-minute economics lecture from NPTEL's 'Principles of Economics' course. Examine the theoretical framework for analyzing how taxes, subsidies, and price controls impact market dynamics through the lens of elasticity. As part of NPTEL's certified curriculum recognized by UGC and AICTE, gain foundational knowledge that can contribute to course credits at Indian universities.