Slide 1 Slide 2 Elasticity adding (quantitative) meat to the bones of supply and demand Slide 3 Suppose the price of gas rises by 10% over the next month. By how much will…
Slide 1MIFIRA Framework Lecture 11 Markets and consumer demand Chris Barrett and Erin Lentz February 2012 Slide 2 Households and Consumption: Analysis of Demand Household…