We have discussed and debated three topics in microeconomics: Scarcity and Choice; Supply, Demand, and Equilibrium; and Elasticity. In doing so, we explored how each is inter-related and greatly impact contemporary issues in the microeconomy. Our discussions and debates included the efciency and equity of microeconomic decision- making as well as the impact such decisions have on the human condition beyond microeconomics. In this context, differences in standards of living were not sufficiently explained by human capital, physical capital, and technology. Many people find something pernicious about the economic and social conditions under which they live. With this in mind, critically analyze the following article/ video focusing on two areas of inquiry - one must be related to Elasticity, the other area of inquiry may be selected from Scarcity and Choice or Supply, Demand and Equilibrium. You should confine your analysis to creative destruction as it impacts each of your areas of inquiry