Problem: Calculate the following elasticities:
Price: $100 decreases to $90
Quantity: 100 increases to 120.
Explain the category of elasticity of this good.
Price: $1 increase to $1.10
Quantity: 200 decreases to 180.
Explain the category of elasticity of this good.
Price: $1 increase to $1.50
Quantity: remains at 1000.
Explain the category of elasticity of this good.
Why is it important to build credibility with your audience? List three ways you can build credibility.