Related Web Links – Module 48 - Other Elasticities

Scroll to the bottom of the site provided to view some empirical estimates for the income elasticity of many common food items.

Go to: http://www.revisionguru.co.uk/economics/yed.htm

The following link provides a description of income elasticity and related calculations that are complementary to the textbook presentation.

Go to: http://economics.about.com/cs/micfrohelp/a/income_elast.htm

Paul Krugman looks at the topic of oil production and consumption in a New York Times article. Krugman looks at the ability of producers to increase supply and the response of consumers to changes in the price of oil.

Go to: http://www.pkarchive.org/column/050704.html