Explain How Elasticity Works.
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3- Elasticity Defined- Talking points on general concept and meaning slide 4- How Elasticity Works- Talking points on formulas, etc. slide 5- Elasticity and the Economy- How the concept affects the economy, Impact on consumers, Impact on business Reference McConnell, C. R. & Brue, S. L. (2017) Microeconomics Principles, problems and policies. 21st ed. McGraw-Hill, Irwin