Question
Listen to (or read the transcript of) this podcast (Federal Reserve Bank of St. Louis. (n.d.). Elasticity of demand - The Economic Lowdown Podcast Series,
Listen to (or read the transcript of) this podcast (Federal Reserve Bank of St. Louis. (n.d.).Elasticity of demand - The Economic Lowdown Podcast Series, episode 16.https://www.stlouisfed.org/education/economic-lowdown-podcast-series/episode-16-elasticity-of-demand) from the Federal Reserve Bank of St. Louis.
- Describe your experience with price elasticity as a consumer.
- Provide an example of an inelastic good and an elastic good for your household. What makes those goods elastic or inelastic?
- How might other households respond differently?
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The Commanding Heights The Battle For The World Economy
Authors: Daniel Yergin, Joseph Stanislaw
1st Edition
068483569X, 9780684835693
