ECON 545 Week 1 DQ 2 Elasticity and the Minimum Wage

ECON 545 Business Economics

 (Keller Graduate - Spring 2016)

Elasticity and the Minimum Wage (graded)

Below is a recommended topic for this discussion. If your instructor chooses a different “Making the Connection” from this weeks’ readings or another alternate discussion

topic, his or her chosen topic and any required work in MyEconLab or elsewhere will be in the instructors’ first posting.

Read the Making the Connection short case titled Why Are Oil Prices So Unstable in Chapter 6 of our textbook, and also be sure to watch the video right under

the Making the Connection title (maybe a few times). Then post your first posting this week beginning to discuss what you’ve read and watched in the video.

Then work on Problems and Applications 6.3, at the end of Chapter 6, answering and discussing the questions in that exercise. You don’t have to post a graph,

but please at least create one on paper and discuss the results.