Monday, March 10, 2014

Elasticity of Demand

March 10th, 2014

1) Warm Up-

  • Demand Increase: Shift to the Right.
  • Demand Decrease: Shift to the Left 

2) Elasticity-
Inelastic: Examples: Gasoline & Insulin
Elastic: Cupcakes & Watches.

Homework: Finish Individual Demand Curve Packet. Bring tomorrow.

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