Elasticity

Elasticity

In Chapter 5 we are covering the concept of Elasticity. After reading the articles below, give detailed examples in your life of two goods that have an elastic demand
and two goods that have an inelastic demand. Explain your reasoning and apply what you’ve learned in class. Then summarize your “economic” opinion about the articles
being sure to use economic principles as evident when expressing your ideas.https://www.washingtonpost.com/news/wonk/wp/2016/02/04/pharma-bro-martin-shkreli-faces-
congress-today-but-pledges-silence/ ,http://www.nbcnews.com/news/us-news/pharma-bro-martin-shkreli-faces-congress-n511106,http://abcnews.go.com/Politics/pharmo-bro-
martin-shkreli-plead-capitol-hill/story?id=36708644http://abcnews.go.com/Politics/mylan-ceo-defend-epipen-price-increase-congress/story?
id=42232002http://www.cbsnews.com/news/mylan-ceo-set-to-defend-epipen-prices-amid-public-outcry/http://money.cnn.com/2016/09/21/news/companies/mylan-epipen-house-
oversight-committee/index.htmlhttp://www.cnbc.com/2016/09/21/mylan-ceo-says-epipen-profits-no-where-near-devices-600-sticker-price.htmlPlease write an essay response
(approximately 800 words or more) to the above questions (must answer all to receive full points). Be aware that plagiarism (copying from other papers, Wikipedia,
books, articles, and any source that is not your own original work) will result in a zero. However, I encourage you to research and properly cite credible sources to
support your paper. I am expecting that this essay follows the standard format of Intro, Detail and Summary. Remember, when expressing your opinion, it should be
supported by fact and using the text as a source is perfectly fine

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