2/13 - Special Cases of Elasticity(code words “Rent control is the most effective way of destroying a city this side of bombing” Ability and

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2/13/08 Expectations Compare- about elasticities in some way. 2 panels So far, difference across the 2 panels is elasticity of demand, which implies that the supply curve must be the same across the two panels. Supply shift doesn’t have to be left.
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Unformatted text preview: Special Cases of Elasticity (code words) “Rent control is the most effective way of destroying a city this side of bombing” Ability and want determine perfect inelasticity...
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This note was uploaded on 04/18/2008 for the course ECO 2023 taught by Professor O'gorman during the Spring '08 term at South Florida Community College.

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