What happens to elasticity as price increases?

What happens to elasticity as price increases? The more discretionary a purchase is, the more its quantity of demand will fall in response to price rises. That is, the product demand has greater elasticity. But the less discretionary a product is, the less its quantity demanded will fall. When demand is elastic a price decrease […]

Is it ever OK to exceed the speed limit?

Is it ever OK to exceed the speed limit? According to the California basic speed law, drivers cannot exceed a safe speed for the current road and weather conditions. Is it ever permissible to drive faster than the speed limit? According to the law you may not drive faster than is reasonably safe for road […]

What did Andrew Jackson do for TN?

What did Andrew Jackson do for TN? Jackson grew prosperous enough to build a mansion, the Hermitage, near Nashville, and to buy slaves. In 1796, Jackson joined a convention charged with drafting the new Tennessee state constitution and became the first man to be elected to the U.S. House of Representatives from Tennessee. What does […]

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