Elasticity

Elasticity

      Analyze the determinants of the price elasticity of demand and determine if each of the following products  are elastic or inelastic: 

 

      • bottled water
      • toothpaste
      • cookie dough ice cream
      • fresh green beans
      • gasoline

 

    In your analysis, please make sure to explain your reasoning and relate your answers to the characteristics of the determinants of the price elasticity of demand.