Put the goods in the correct category, indicating whether the demand for them is elastic or inelastic. Think about each good in
terms of the typical person's quantity demanded.
1. Tropicana orange juice
2. Cocoa Pebbles cereal
3. blood pressure and diabetes medication
4. cigarettes if you smoke 3 packs a day
5. public water and other utilities
6. restaurant drive-through at 3 am
7. fast food in the food court at the mall
1. Tropicana orange juice
2. Cocoa Pebbles cereal
3. blood pressure and diabetes medication
4. cigarettes if you smoke 3 packs a day
5. public water and other utilities
6. restaurant drive-through at 3 am
7. fast food in the food court at the mall
1 answer:
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