http://hadm.sph.sc.edu/COURSES/ECON/Elast/Elast.html

 

1  Define elasticity

 

2  What does the elasticity of demand tell us ?

 

3  What does it mean to say that demand is elastic ?  Give an example other than those on the website

 

4  What does it mean to say that demand is inelastic ?  Give an example other than those on the website

 

Complete the tutorial

 

5 How can demand for a given product be made more elastic ? Explain