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4. For each pair of items below determine which product would have the higher price elasticity of demand (in absolute value). [BRIEFLY STATE THE REASON

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4. For each pair of items below determine which product would have the higher price elasticity of demand (in absolute value). [BRIEFLY STATE THE REASON IN EACH CASE FOR FULL CREDIT] 4 a. Blood pressure medicine for someone who has high blood pressure or the purchase of Clairol hair coloring product. b. A new Ford Fusion or a tank of gas for your current car. c. A Seiko watch or watches in general d. Restaurant meals or Sunday brunch at Johnny's

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