Title: Economic Lowdown Audio Series—Elasticity of Demand
Course: Indiana Economics Sample Syllabus > Section: Unit 2: Supply & Demand

How elastic are rubber bands? There's more than one way to answer this question. The word "elasticity" is commonly used to describe things that have a stretchy quality to them. You might try to answer the question by stretching a rubber band across your finger and shooting it across the room. To an economist, however, elasticity can have a whole other meaning. Learn more in this episode of The Economic Lowdown.