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Elasticity is a term that is used to describe the behavior of a material when it is stretched or compressed. It refers to how easily a material can return to its original shape after being subjected to a force. Elasticity is an important property of materials in many industries, from manufacturing to construction. In this section, we provide news, articles, and videos related to elasticity and its applications.
Can gun buybacks work? Some simple economics suggests, no! The first of our videos on the elasticity of supply, Why Housing is Unaffordable, illustrated inelastic supply. Today’s video on gun buybacks illustrates elastic supply. Our gun buyback video hits the sweet spot for MRU videos—solid economics leading to surprising conclusions illustrated in an entertaining and accurate way. […]
1. Get feedback on your podcast (not to mention your date!) in real time. 2. “Rare” earths are suddenly not so rare in Wyoming (WSJ). “Never underestimate the elasticity of supply!” 3. Inside a prison in El Salvador. And The Telegraph on Bukele. 4. Bad to be bullied. 5. Political donations crowd out charitable donations. […]
“The terms of trade argument for protectionism relies on specific assumptions about the elasticities of demand and supply for a country’s exports and imports. The key elasticity assumptions are: Inelastic foreign demand for the country’s exports: This means that when the price of the country’s exports increases, the quantity demanded by foreign countries does not […]
1. New AI video generator, open for public use. 2. The Chicago Cubs really were hurt by playing day games (a semi-new Substack from a GMU Ph.D. student). And his (Nicholas Decker) observations on South African unemployment. 3. Major deposits of rare earth minerals discovered in Norway, never underestimate elasticity of supply. 4. Summary take […]
What will India look like in 2047? Combining projections of economic growth with estimates of the elasticity of outcomes with respect to growth, Karthik Muralidharan in Accelerating India’s Development reports: Even with a strong GDP per capita growth rate of 6 per cent, projections for 2047 paint a sobering picture if we maintain our current […]