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 […]

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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