Problem
Price elasticity is not just a technical economic concept. It also reflects the distribution of economic power-the bargaining power and economic opportunities of buyers and sellers.
a. When suppliers (for example, landlords or energy companies) hold disproportionate power over buyers, or consumers (for example, employers in low-wage labor markets) hold disproportionate power over sellers, what meaning do elasticities have?
b. Should anything be done about those inequities? (Radical)
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.