Elasticity v Expectations for Elasticity This chapter covers the topic of elasticity, which calculates the correlation between the quantity demanded or supplied of a good with some other variable. For this discussion, your task is to: 1. Pick one type of elasticity and a good (or pair of goods) 2. Describe what you would expect elasticity to look like for the good(s} and explain why you think it would look that way for your selected good(s). 3. - HInts: 3 hours The most popular types of Elasticity are: . Price Elasticity of Demand (or Supply) 0 Income Elasticity of Demand - Cross-Price Elasticity Classifications of Elasticity include constant, unitary, infinite, and zero