Using examples from a competitive seafood market and a monopolistic ferry
service, this program shows the difference between elastic and inelastic
demand. It also plots the graphs that qualify the relative gain or loss in
revenue from price increases or decreases in each situation.
Majoring in Liberal Studies...
Liberal Studies Remus, MI
It is a smaller school so it is easy to get to know everyone. It has smaller class sizes so the faculty can get to know the students. [ more ]