Sunday, October 9, 2011

Mikeroeconomics: Daily Review--Elasticity

Mikeroeconomics: Daily Review--Elasticity: In the graph to the right, explain why the Demand curve is inelastic? My answer is that elasticity is defined as the percentage change i...

About the Author: Mike Fladien is a high school Economics and Law teacher in Muscatine, Iowa. He has been called the EconHacker because he has a talent for explaining Economics concepts in a simple language that anyone can understand.


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