Discussion:
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.
• Please respond with 250 words or more and one reference.