Title: Elasticity of Demand -- Audio
Course: Andria Testing FRE2 > Section: Elasticity of Demand -- Economic Lowdown Audio Series

Listen to the audio below and then click "next" to take the quiz.

How elastic are rubber bands? There's more than one way to answer this question. The word "elasticity" is commonly used to describe things that have a stretchy quality to them. You might try to answer the question by stretching a rubber band across your finger and shooting it across the room. To an economist, however, elasticity can have a whole other meaning. Learn more in this episode of The Economic Lowdown.