In class students learned about other elasticities:
1. Cross Price Elasticity of Demand - determines if goods are compliments/substitutes.
2. Income Elasticity of Demand - determines if goods are normal/inferior.
3. Price Elasticity of Supply - availability of resources to expand productions.
The homework is listed below and the notes are attached.
Notes - Other Elasticities
HW - Read Module 49 and 50
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