Chapter 4 – Elasticity

Videos

Part 1
Part 2

Slides

Discussion Topic

Think of the career or business that you want to pursue in the future. How will supply and demand affect your choice in the long term in terms of price and overall revenue of that market? Also, how will globalization and demographic shifts affect the price elasticity and where this career/business is going? Who are the winners and losers?

What are some related sequences of these impacts on your career/business? How will these impacts determine how people live their lives? Where they live? How they live?