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6. Li runs a Chinese restaurant. It is very profitable. A new Chinese restaurant opens 5 blocks away. His pricing becomes more elastic ____ or
6. Li runs a Chinese restaurant. It is very profitable. A new Chinese restaurant opens 5 blocks away. His pricing becomes more elastic ____ or less elastic _____?
Which is more price elastic:
7. Cars _____ Underwear _____
8. A plane flight to Pakistan _____ A plane flight to Los Angeles _______
9. A 1-bedroom apartment in Brooklyn or Queens _____ A 5-bedroom apartment on 86th Street in Manhattan _______
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