Elasticity of the product

Chapter 6 Discussion Questions: 1, 2 & 3Review Questions: 1, 2 & 4Problems: 1 & 3Respond: (3-5 sentences)The response of quantity to price change is important when discussing a market. Use the product you picked in Chap 3 discussion and discuss the elasticity of that product.Chapter 7 Discussion Questions: 1, 2, & 5Review Questions: 2, 4 & 5Problems: 1 & 3Respond: Describe a time where your Marginal Utility went negative. 3-5 sentences

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