a. Pick one good or service that you think has very (price) elastic demand and explain why you think that is the case. Cite one determinant of price elasticity that is relevant to support your case

b. Pick one good or service that you think has very (price) inelastic supply and explain why you think that is the case. Cite one determinant of price elasticity that is relevant to support your case

1. Explain the reasons that would result in a movement along a fixed demand curve and the reasons for a shift in the demand curve.

2. In the short run during the pandemic what was the situation of hand sanitizers? Discuss both the supply and demand of such goods and how that would have impacted their prices and quantity?