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Essay text:
You have another graph in this chapter. Be sure to go over every point so that you can see
how they are derived. Be sure that you can explain in your own words why the curve has
the shape that it does (and how this shape relates to elasticity).
4. You will be given an In Class Assignment and a Homework assignment to illustrate the two main concepts of this chapter. When you have finished the text, the Test Your Understanding questions, and the assignments, go back to the Objectives. See if you can answer the questions without looking back at the text. If not, go back and re-read that part of the text...
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