1 of 4

Slide Notes

DownloadGo Live

Title

Published on Nov 25, 2015

No Description

View Outline

MORE DECKS TO EXPLORE

PRESENTATION OUTLINE

1.

SHARE OF INCOME SPENT ON THE GOOD

RANDY TRUBITT, MILAN BABIC, SAMMI RUSSAKOV, BRI KOLBUS, DEANA SELANDER
Photo by nathanmac87
2.

What does it mean?
The higher a percentage of our income we spend on an object, the more responsive we are to change in price

3.

INELASTIC

  • Eggs
  • Milk
  • Bread
  • Gum
  • Shoes
Photo by rekre89
4.

ELASTIC:

  • Jaguar sports cars (4.5)
  • Gold
  • Housing
  • Cellphones
  • Various Bills
Photo by Eddy CJ

Randy Trubit