1.2. For each of the following pairs, which of the two goods is more likely to be elastically supplied? Table 5.3 should help:

a. Supply of apples over the next growing sea son vs. supply of apples over the next decade

b. Supply of construction workers in Binghamton, NY, vs. supply of construction workers in New York state

c. Supply of breakfast cereal vs. supply of food

d. Supply of gold vs. supply of computers

a. Demand for tangerines vs. demand for fruit

b. Demand for beef next month vs. demand for beef over the next decade

c. Demand for Exxon gasoline at the corner of 7th and Grand vs. demand for gasoline in the entire city

d. Demand for insulin vs. demand for vitamins