Correlation between quantity demanded or supplied of a good

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Assignment:

Microeconomics Discussion post question:

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)?

Include:

- Two references, one being your class textbook (Principles of Microeconomics 2e by Steven A. Greenlaw, David Shapiro - Access for free at and the second being at least one outside source (e.g., news article, business publication, scholarly articles, etc.) of your choice to support your initial post.

Reference no: EM133436082

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