Friday, October 3, 2014

Ch. 3 Reading Guide 3: Due Mon 10/6

1.  Define demand elasticity.
2.  What are elastic goods?  Provide some examples.
3.  What are inelastic goods?  Provide some examples.
4.  What is "unit elastic"
5.  What are some informal tests one can use to determine elasticity of demand?


Have a great weekend.   Get outside and enjoy!



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