ECO 204 WEEK 2 Elasticity

Elasticity

Analyze the determinants of the price elasticity of demand and determine if each of the following products  are elastic or inelastic: 
o	bottled water
o	toothpaste
o	cookie dough ice cream
o	fresh green beans
o	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.

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