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Consider the demand for products given below, from a. to d. a.Hand made leather shoes b.Bottled water c.Prescription medicine for a terminal illness d.Sugar candy

Consider the demand for products given below, from a. to d.

a.Hand made leather shoes

b.Bottled water

c.Prescription medicine for a terminal illness

d.Sugar candy sold in a street market

For each one of them:

i.Identify whether the demand is perfectly elastic, relatively elastic, perfectly inelastic or relatively inelastic

ii.Give reasons. You must use at leastone determinant of elasticityin each of your answers

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