{"id":5963,"date":"2016-07-19T18:00:34","date_gmt":"2016-07-19T18:00:34","guid":{"rendered":"https:\/\/courses.lumenlearning.com\/macroeconomics\/?post_type=chapter&#038;p=5963"},"modified":"2016-07-19T18:00:34","modified_gmt":"2016-07-19T18:00:34","slug":"discussion-price-elasticity-of-demand","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/suny-macroeconomics\/chapter\/discussion-price-elasticity-of-demand\/","title":{"raw":"Discussion: Price Elasticity of Demand","rendered":"Discussion: Price Elasticity of Demand"},"content":{"raw":"<p>Think of three goods for which the demand is inelastic with respect to price. Do these goods ever go on sale? Does understanding the relationship between elasticity and total revenue help you understand why some goods go on sale and others don\u2019t? Share your thoughts.<\/p>","rendered":"<p>Think of three goods for which the demand is inelastic with respect to price. Do these goods ever go on sale? Does understanding the relationship between elasticity and total revenue help you understand why some goods go on sale and others don\u2019t? Share your thoughts.<\/p>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-5963\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li>Jennifer Pakula and Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":18,"menu_order":21,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"Jennifer Pakula and Lumen Learning\",\"author\":\"\",\"organization\":\"\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"}]","CANDELA_OUTCOMES_GUID":"","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-5963","chapter","type-chapter","status-publish","hentry"],"part":5918,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/suny-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/5963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/suny-macroeconomics\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/suny-macroeconomics\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-macroeconomics\/wp-json\/wp\/v2\/users\/18"}],"version-history":[{"count":1,"href":"https:\/\/courses.lumenlearning.com\/suny-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/5963\/revisions"}],"predecessor-version":[{"id":5966,"href":"https:\/\/courses.lumenlearning.com\/suny-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/5963\/revisions\/5966"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/suny-macroeconomics\/wp-json\/pressbooks\/v2\/parts\/5918"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/suny-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/5963\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/suny-macroeconomics\/wp-json\/wp\/v2\/media?parent=5963"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-macroeconomics\/wp-json\/pressbooks\/v2\/chapter-type?post=5963"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-macroeconomics\/wp-json\/wp\/v2\/contributor?post=5963"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-macroeconomics\/wp-json\/wp\/v2\/license?post=5963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}