a) If the price elasticity of demand for abortions is around 1 (or unit elastic), what does this mean? Explain by giving an example.

b) If the income elasticity of demand for abortions is around 0.5, what does this mean? Is abortion considered as a normal good or inferior good? Is it a necessity good or a luxury good?

c) Take another delicate procedure: liver transplants. Would you think the demand for liver transplants is more or less price-elastic than the demand for abortions? Explain your reasoning.

d) You might have read the Supreme Court's decision on Abortion lately (that repealed the Roe v. Wade); some states are "pro-life", and some other states are still not. Apart from your personal and religious beliefs, for now, take a look from the economic lenses, and list five economic impacts of the Court's decision.