1) Put the goods in the correct column, indicating whether the demand for them is elastic or inelastic. Think about each good in terms of the average person's quantity demanded.
Items (7 items)
- fast food in the food court at the mall
- Cocoa Pebbles cereal
- Tropicana orange juice
- blood pressure and diabetes medication
- public water and other utilities
- cigarettes if you smoke 3 packs a day
- a restaurant drive-through at 3 a.m.