1. Quiz:
Good A has a value of 0.25 PED
Good B has value of 2.0 PED.
If that is all you know about these goods, what can you say about each.
Which would be better to raise prices on? Why?
2. Discussion: Price Elasticity of Demand
3. Student Workpoint 4.4 pg. 52
4. HW: Read thru page 62
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