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Elasticity of Demand

How elastic are rubber bands? There's more than one way to answer this question. The word "elasticity" is commonly used to describe things that have a stretchy quality to them. You might try to answer the question by stretching a rubber band across your finger and shooting it across the room. To an economist, however, elasticity can have a whole other meaning. Learn more in this episode of The Economic Lowdown.... Show More

Keywords:: Demand, AP Economics, Podcast

Disciplines:

Business / Economics

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Material Type:: Reference Material
Date Added to MERLOT:: February 11, 2020
Date Modified in MERLOT:: February 11, 2020
Author:: Federal Reserve Bank of St. Louis
Submitter:: Adrienne Brennecke
Primary Audience:: Grade School, Middle School, High School, College General Ed, College Lower Division
Technical Format:: Audio File (e.g. Podcast)

Mobile Compatibility:: Not specified at this time
Language:: English
Cost Involved:: No
Source Code Available:: Unknown
Creative Commons:: This work is licensed under a Attribution-NonCommercial-NoDerivatives 4.0 International