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AP Microeconomics: Elasticity

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Last update by swtxhunnie on 05/07/2009
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AP Microeconomics Elasticity
AP Microeconomics: Elasticity
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to review the concept of elasticity in preparation for the AP Microeconomics exam
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Taylor Cleland
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Free Flashcard From AP Microeconomics: Elasticity
Question: True or false: foods tend to be elastic goods.
Answer: True; there are many kinds of food, so if the price of one kind goes up, it's easy to buy a different kind that's nearly the same.

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