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Elasticity and Slave Redemption
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Video Source: www.youtube.com/watch?v=XOC_nIQ5its
Beginning in 1993, Sudan entered into a civil war, with one of the worst parts being that many people were kidnapped and sold into slavery. Humanitarian groups traveled to Sudan to redeem slaves by buying them out of slavery. Is this good policy? Did it work out, or make it worse? Let’s use elasticity to analyze the situation. • Microeconomics Course: https://mru.io/5y8 • Next video: https://mru.io/2ey • Help us caption translate this video! http://amara.org/v/GCs0/ • 00:00 Modern Day Slavery • 00:28 Humanitarian Efforts - Did they work? • 00:52 Using Elasticity of Supply to Evaluate • 01:55 What if Slave Supply is Inelastic? • 02:45 What if Slave Supply is Elastic? • 03:19 Using Prices Over Time to Help Determine Elasticity
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