ECO 365T Wk 3 Discussion – Price Elasticity

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.

Due Thursday

Respond to the following in a minimum of 175 words:

Compare and contrast the price elasticity of supply and price elasticity of demand, and define income elasticity and how it distinguishes normal and inferior goods.

Due Monday

Reply to at least 2 of your classmates. Be constructive and professional in your responses.