Study Materials
1. Textbook
Chapter 4
2. Read Lecture Slides
3. Case Study – Cigarettes
- Are Smoking and Drinking Complements or Substitutes?
http://www.npr.org/blogs/health/2014/09/24/351162283/when-cigarettes-cost-more-people-drink-less-except-for-wine
- Compare the elasticities of Regular Cigarettes to e-cigarette?
Lecture Slides
Videos
Price Elasticity of Demand – What?