diff --git a/LATEX/Chapter_III/Chapter_III.tex b/LATEX/Chapter_III/Chapter_III.tex
index 5947d81..bd3e7a3 100644
--- a/LATEX/Chapter_III/Chapter_III.tex
+++ b/LATEX/Chapter_III/Chapter_III.tex
@@ -175,7 +175,8 @@
 \end{frame}
 %%%%%%%%%%%%%%%%%%%%
 \begin{frame}{Elasticity estimate}
-\onslide<1->{\begin{equation*}
+	\only<1-2>{
+\onslide<1>{\begin{equation*}
 	Elasticity_{S}=\sum_{t=0}^{t}\left(\frac{\Delta \theta_{t} \cdot \Delta q_{t}}{\Delta P_{oil,t}}\right)
 \end{equation*}
 }
@@ -183,6 +184,17 @@
 \onslide<2>{\begin{equation*}
 	0.55=\sum_{t=0}^{120}\left(\frac{\Delta \theta_{t} \cdot \Delta q_{t}}{\Delta P_{oil,t}}\right)
 \end{equation*}}
+}
+\only<3->{
+	\centering
+	Average U.S. subdsidy estimated to be 0.11 \(\frac{MCF}{BBL}\) 
+\begin{equation*}
+	\text{Oil subsidy equivalent} =\frac{\$0.0605\cdot P_{gas}}{BBL}
+\end{equation*}
+
+
+}
+
 \end{frame}
 
 \begin{frame}[plain]