Title: Understanding Elasticity: Analyzing the Correlation between Quantity Demanded/Supplied and a Selected Good

Activities
Learning 
Resources – Chapters 3 and 5
i have uploaded the book to help.
you will also need to repsond to two different peers.
Discussion 1
Elasticity calculates the correlation between the quantity demanded or supplied of a good with some other variable. Pick one type of elasticity and a good (or pair of goods). What would you expect elasticity to look like for the good(s)? Why do you think it would look that way for your selected good(s)? 
Responses: What similarities or differences exist between the elasticity of your identified goods? If differences exist, why do you think this is so?

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