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    4. Is the demand for college education elastic or inelastic
    Is the demand for college education elastic or inelastic

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    +1  Views: 692 Answers: 4 Posted: 13 years ago
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      4 Answers

      I'm laughing at myself now too.  Do you know what "elastic" means in that context?

      13 years ago. Rating: 1
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        Digger, I can't believe it.  Do you know what it means?  That means it's someone's homework.   I don't think it's right for us to do someone's homework.  Do you?

        13 years ago. Rating: 1
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          digger

          Of course it's a homework question. They get asked all the time here. I was merely saying that the elasticity terms are genuine economic terms and not a typo or misuse, as you suggested.
          He DID mean "elastic" not "scholastic".
          Now I'M chuckling ;-)
          commented 13 years ago

          Scog, Hi.  I am laughing with delight at your question.  Do you mean Scholastic and  Interscholastic?  Webster's says:  scholastic: adj.  of schools,  colleges, students, etc.; educational; academic.  Interscholastic means between or among schools.   OR is there really such a thing as elastic and inelastic? 

          13 years ago. Rating: 1
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            digger

            Yvonne, this is a legitimate economics question.
            commented 13 years ago

            ""Very elastic.

            13 years ago. Rating: 0
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