Discussion Post: Elasticity
Analyze the determinants of the price elasticity of demand and determine if each of the following products are elastic or inelastic:
a. bottled water
b. toothpaste
c. cookie dough ice cream
d. fresh green beans
e. gasoline
In your analysis, make sure to explain your reasoning and relate your answers to the characteristics of the determinants of the price elasticity of demand.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.