Random Fact

In 2013, a United States household of four (two children) was considered poor if its income was below $23,492 (this does not include income from anti-poverty programs) (http://www.census.gov/hhes/www/poverty/data/threshld/index.html).

Unit 3: Elasticity

Introduction
Section 1: Demand Curves and Elasticity
Section 2: Elasticity and the Slope of the Demand Curve
Section 3: Determinants of Price Elasticity of Demand
Section 4: Elasticity and Total Revenue
Section 5: Income Elasticity of Demand, Cross Price Elasticity of Demand, and Price Elasticity of Supply
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