Choose the degree AND the type of elasticity list for each event below: Please use ONLY lower case letters as your answers.

Degree	Type
a) perfectly elastic	f) price elasticity of demand
b) elastic	g) price elasticity of supply
c) unit elastic	h) cross elasticity (substitute)
d) inelastic	i) cross elasticity (complement)
e) perfectly inelastic	j) income elasticity (normal)
	k) income elasticity (inferior)

Part 1. Egg prices change by -6 % causing the demand for toast to change by 21 % . (Note: decreases in p or q will be shown as a negative change, increases shown as a positive change)

The degree of elasticity is (a-e): __________

The type of elasticity is (f-k):__________

Part 2. Beer prices increase 29 % causing a 24 % increase in the amount offered for sale.

The degree of elasticity is (a-e): __________

The type of elasticity is (f-k):__________

Part 3. Beef producers' sales change by 21 % because of a -6 % change in the income of the average consumer (Note: decreases in q or y will be shown as a negative change, increases shown as a positive change)

The degree of elasticity is (a-e): __________

The type of elasticity is (f-k):__________

Part 4. Book prices change by -6 % causing bookshop sales to change by 21 %. (Note: decreases in p or q will be shown as a negative change, increases shown as a positive change)

The degree of elasticity is (a-e): __________

The type of elasticity is (f-k):__________

Part 5. Soda water prices change -14 % causing a -1 % change in juice sales. (Note: decreases in p or q will be shown as a negative change, increases shown as a positive change)

The degree of elasticity is (a-e): __________

The type of elasticity is (f-k):__________