1) Consider Price Elasticity of Demand, and pick two goods; one that you think would be more elastic and one that you think would be more inelastic.

• Describe the two goods; they do not need to be related in anyway
• Explain why you think one would be more elastic and the other would be more inelastic

2) One of the interesting points of Elasticity comes with Tax Incidence, where we consider the price that you paid for a good, the price a seller received for a good, and how that compares to the market price without a tax. think about that idea with a good that you find in the real world.

• Pick a good, and provide a link, that displays the price of the good, the sales tax, and the total price that you pay.
• Pick some price between the price you pay and what the seller receives to be the Market Price for the good.
• Explain the buyer's and seller's share of the tax for your item.

3) Creat an example that describes either Income or Cross Price Elasticity.

• Select a good or service to analyze (or a pair of goods if you're using cross-price elasticity)
• Come up with two sets of Income/Prices and Quantity Demands to anallyze
• Calculate the Income Elasticity or Cross Price Elasticity for your example
• Explain what your results tell you about your good or pair of goods.