{"id":2442,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"http:\/\/essaysparlor.com\/microeconomics-markets-and-elasticity-of-demand-2\/"},"modified":"2017-02-20T18:15:40","modified_gmt":"2017-02-20T18:15:40","slug":"microeconomics-markets-and-elasticity-of-demand-2","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/microeconomics-markets-and-elasticity-of-demand-2\/","title":{"rendered":"Microeconomics, Markets, and Elasticity of Demand"},"content":{"rendered":"<p>\nChoose a product you have purchased in the past month from a clothing or shoe store.<br \/>\nDescribe how each of the 4 factors contributed to the elasticity of the good.<br \/>\nIs the product considered elastic, inelastic, or unitary elastic?<br \/>\nIn a few sentences, what effect does the current supply and current demand have on this product?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Choose a product you have purchased in the past month from a clothing or shoe store. Describe how each of the 4 factors contributed to the elasticity of the good. Is the product considered elastic, inelastic, or unitary elastic? In <a href=\"https:\/\/www.benedictsol.com\/blogs\/microeconomics-markets-and-elasticity-of-demand-2\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-2442","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/2442","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=2442"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/2442\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=2442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=2442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=2442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}