Forum+3

To respond to this forum, click on the __DISCUSSION tab__ above, then __start your own discussion__ to submit your response to the prompt below.
 * Once you have submitted your response, you are welcome to comment, reply, or start up a discussion based on anyone else's response as well.

__**AP ECON: Forum 3 - Problems with Elasticity.**__
 * Deadline: Part I = Monday, 2/9 @ 8pm, Part II = Tuesday, 2/10 @ 8pm
 * Graded: out of 16 points
 * Criteria: Those students who go __above__ and __beyond__ the minimum requirements (below) will earn full credit, and those who contribute the most will earn up to **120% (19/16)**
 * "Contribute the most" could include any combination of the following: (a) posting additional questions, (b) exceptional responses, (c) helpful tips, (d) kindly correcting any mistaken answers, (e) or starting side discussions that could be helpful for students as we prepare for our **__first MAJOR EXAM on Wednesday 2/11__** (ch. 1-4).

//What you need to do:// Create __at least two__ original practice ELASTICITY questions.** Each Question must:
 * Part I:
 * be posted as it's own thread (not both within the same response)
 * require students to use one of the 4 formulas from class
 * Price Elasticity of Demand, Price Elasticity of Supply, Income Elasticity of Demand, Cross Elasticity of Demand
 * provide enough information to answer your question

Each Reply must:
 * Part II:**
 * Be the __//first//__ to reply to __at least two__ of your classmates' questions**
 * include your answer
 * Provided the question includes enough information to do so, USE THE MIDPOINT method of whichever formula is required
 * include a clear, yet brief explanation of how you arrived at your answer
 * for example, what formula you used, any potential difficulties/tricks that people could run into, any tips for answering these types of questions
 * Don't be a "Question-Hog" Don't start posting answers to every question you see, since this would hinder others' ability to be the first to answer any... However, this does NOT mean you shouldn't work out the answers to additional questions without posting them, and see if your answer matches what others come up with. If not, perhaps posting a reply with a question or comment could help others avoid the same error.

As always, email Mr Meier (chris.meier@pennmanor.net) if you have any problems completing this assignment, or if you want clarification on how to use any of these formulas. Good luck!!!