ISS Econ Homework due 11/2
Phase 3 Section D – Read the handout on price elasticity and complete the activity one on the back. Decide if the product is elastic or inelastic and explain why.
Phase 5 Sections C, G, H – “The Market for Milk” Decision making activity
- Read the history of price controls on milk in the US
- You are a US Representative and you have to decide whether to vote on a bill to eliminate the price support program for milk.
- Read over the testimony provided by your constituents.
- Explain why you would vote for or against the bill. Your explanation should be in paragraph form. You may type or hand write your answer. You should be persuasive and include why the alternative is not a good option as well as why what you picked is the best option.
