Business, 12.04.2021 21:10 makaylahollandmay21

Match the product below with it's elasticity (elastic, ineleastic, or it depends). For example, it used to be the case that an apple i-phone would have a relatively inelastic price when it is first released (people will pay a high dollar amount for the product because of its brand name/image). a. cigarettes
b. coffee
c. gasoline for people who drive a lot
d. basic clothing items
e. airline tickets
d. sugar sweetened beverages (e. g., coke) that someone is addicted to
e. online streaming services

1. elastic
2. elastic
3. inelastic
3. inelastic
4. elastic
5. inelastic
6. it depends

Answers: 2

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Match the product below with it's elasticity (elastic, ineleastic, or it depends). For example, it u...

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