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Inelastic Good & Price Discrimination

by James Tierney

This clip has both the idea of an inelastic good and the idea of price discrimination. I suggest using it when teaching elasticity and then also using it when you teach price discrimination and talk about how they connect!

Jurassic Park -- An Inelastic Good

Lawyer Donald Gennaro in Jurassic Park perfectly illustrates what an inelastic good is. There is also some price discrimination in this clip!

from Jurassic Park (1993)
Creator: Amblin Entertainment/Universal Pictures
Distributor: James Tierney -- Amazon Prime Rental
Posted by James Tierney