Information Literacy Assignment
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• Select an industry that is affected by the economy, such as airlines, oil, automotive, home building, etc. Keep in mind that you will return to this same industry for the final assignment in week 9. • Find at least two sources to help you answer the following questions about the industry you chose. The sources themselves don’t need to directly discuss price elasticity, but you do. And I do need summaries of the sources. – First, clearly define your industry – In your chosen industry, is the price elasticity of demand high (elastic) or low (inelastic)? Are there substitutes available? Is the good a luxury or a necessity? Explain. – What is the price elasticity of supply for your chosen industry? Explain. – http://custom.cengage.com/static_content/OLC/0324833326/data/index.html – http://www.bized.co.uk/learn/economics/markets/mechanism/interactive/part1.htm • For each entry in the annotated bibliography, include an APA-formatted reference and a summary of the major points in the article or Web site. • Post as one attachment.