4.3: Elasticity of Demand

Chapter 4.3: Elasticity of Demand

• Graph Skills (p.98): #1 & 2
• Illustration (p.99): How does this cartoon illustrate elasticity of demand?
• Check Your Understanding (p.101): #1 & 2
• Checkpoint (p.102): What factors affect elasticity of demand?
• Checkpoint (p.103): How does elasticity affect revenue?
• Chart Skills (p.103): #1 & 2
• Chart Skills (p.104): #1 & 2
• Checkpoint (p.104): Why does a firm need to know whether demand for its product is elastic or inelastic?
• Section 3 Assessment (p.104): #2, 3, 4, 5, 6, 7, 8, 9, 10