1.Draw a highly elastic demand curve and give an example product and show how a change in price effects a change in quantity.

2.Draw a highly inelastic demand curve and give an example product and show how a change in price effects a change in quantity.

3.Extend each line in 1 and 2 and show that EVERY linear demand curve has an elastic portion and an inelastic portion with Unitary Elasticity in the middle.