In 2-3 paragraphs, 300 words APA, respond to the following.
Give an example of price elasticity of demand and an example of price elasticity of supply. Be specific.
Videos
Licenses and Attributions: Title: Labor Markets and Minimum Wage: Crash Course Economics #28
Author: Crash Course Source: https://www.youtube.com/watch?v=mWwXmH-n5Bo&t=31sLicense: Standard YouTube LicenseLinks to an external site.
Licenses and Attributions: Title: Elasticity and Demand Author: Jacob Clifford Source: License: Standard YouTube LicenseLinks to an external site.
Licenses and Attributions: Title: What is Gross Domestic Product (GDP)? Author: Marginal Revolution University Source: https://www.youtube.com/watch?v=mjJmo5mN5yA&list=PL-uRhZ_p-BM52EbMG1NR1ZfG9tEvcxE4u&index=2&t=0s License: Standard YouTube License
Websites:
https://openstax.org/books/principles-macroeconomics-2e/pages/4-introduction-to-labor-and-financial-markets
https://openstax.org/books/principles-macroeconomics-2e/pages/5-introduction-to-elasticity
https://openstax.org/books/principles-macroeconomics-2e/pages/6-introduction-to-the-macroeconomic-perspective
