Briefly answer the two questions below, you made type it up in a Word document and submit it here.

1. Name one product that you think has high elasticity and another that you think is inelastic. Explain for each item why you think this is the case.

2. Explain why restaurants that have all you can eat buffets do not go out of business. In your answer explain it using the idea of consumer satisfaction and marginal utility.

1.Name one product that you think has high elasticity and another that you think is inelastic. Explain for each item why you think this is the case.