Chapter and sections in Taylor to Read |
Pg # |
Comments/Assignment |
7 Elasticity |
129 |
|
|
Price Elasticity of Demand |
130 |
Read – Important |
|
Calculating the Elasticity of Demand |
131 |
|
|
A Possible Confusion, a Clarification, and a Warning |
133 |
|
|
|
Price Elasticity of Supply |
134 |
|
|
|
Calculating the Elasticity of Supply |
134 |
|
|
Elastic, Inelastic, and Unitary Elasticity |
135 |
|
|
Applications of Elasticity |
139 |
Read – these are important as illustrations of elasticity |
|
|
Does Raising Price Bring in More Revenue? |
139 |
|
|
Passing on Costs to Consumers? |
140 |
|
|
|
Long-Run vs. Short-Run Impact |
143 |
|
|
|
Elasticity as a General Concept |
144 |
|
|
|
Income Elasticity of Demand |
144 |
Read – Important |
|
Cross-Price Elasticity of Demand |
145 |
|
|
|
Elasticity in Labor and Financial Capital Markets |
146 |
read as background |
|
|
Stretching the Concept of Elasticity |
146 |
|
|
|
Conclusion |
147 |
review |
|
Key Concepts and Summary |
147 |
review |
|
Review Questions |
149 |
optional |
|