Documents Today zReview question #3 from last lecture zIncome elasticity of demand. zPrice elasticity of...

Slide 1 Slide 2 Today zReview question #3 from last lecture zIncome elasticity of demand. zPrice elasticity of supply. zExcise taxes and tax incidence Slide 3 3. Pricing…

Documents Today zIncome elasticity of demand. zPrice elasticity of supply. zExcise taxes and tax incidence.

Slide 1 Today zIncome elasticity of demand. zPrice elasticity of supply. zExcise taxes and tax incidence Slide 2 Income Elasticity of Demand zHow responsive Q D is to changes…