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5.5 Elasticity and Pricing Learning Objectives Analyze how price elasticities impact revenue Evaluate how elasticity can cause shifts in demand and supply Predict how the long-run and short-run impacts of elasticity affect equilibrium Explain how the elasticity of demand and supply determine the incidence of a tax on buyers and sellers Studying elasticities is useful for a number of reasons, pricing being most important

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Congress is carrying out an investigation into similar allegations: The House Oversight Subcommittee on Economic and Consumer Policy has requested that Juul turn over all its internal documents about marketing strategies and health impacts by the end of this week

Success rates in quitting smoking was 8.2% among e-cigarette smokers and 4.8% among traditional cigarette smokers

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