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Help ELASTICITY ASSIGNMENT WORKSHEET Please take your time and write neatly. Draw your graphs with care CROSS-PRICE ELASTICITY to ensure they are legible. When submitting

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ELASTICITY ASSIGNMENT WORKSHEET Please take your time and write neatly. Draw your graphs with care CROSS-PRICE ELASTICITY to ensure they are legible. When submitting the assignment, make sure the scan / photo of this worksheet is a readable quality. Good I Good 2 ELASTICITY OF DEMAND Price Quantity Price Quantity Row 1 Cedar Lumber Demand Elasticity Calculation Row 2 Graphs Why is this inelastic? Elasticity Calculation Total Revenue calculation INCOME ELASTICITY How is this related to elasticity? Calculation

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