Showing posts with label elasticity. Show all posts
Showing posts with label elasticity. Show all posts
Tuesday, February 8, 2011
Micro Question 2/7/11
Find a headline (online or from other news sources) that could be partially explained by elasticity (of demand, supply, income, etc). Post the headline here with a one sentence explanation.
Wednesday, February 2, 2011
Micro Question 2/2/11
Consider your own consumption habits and budget; which item in your monthly expenditures is most elastic with respect to price? Which item is least elastic with respect to price? Why? (For example, I shared about my own very elastic demand for "Starbucks" coffee...)
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