Thursday, July 24, 2008

Elasticity of Demand and Interdependence

I trust many of you are already aware of this, but Greg Mankiw has an ongoing series on cross price elasticity of demand that is very good. If you're trying to teach your students about this (or just the concept of interdependence - how one part of the economy affects another), you'll find some very good examples on his site.

I look forward to your thoughts and additions to his list (numbering 12 at this writing).

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