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Following scenarios were a visible pattern in COVID-19 situation. Each one of them tells something about elastic / inelastic behaviour of consumers. Briefly explain the

Following scenarios were a visible pattern in COVID-19 situation. Each one of them tells something about elastic / inelastic behaviour of consumers. Briefly explain the type of price / income / cross elasticity that each subpoint reflects: [5] i. Declining demand for automobiles. ii. Essential commodities whose purchase cannot be postponed. iii. Essential commodities which can be bought little later. iv. Growing demand of Handwash and Hand sanitizer v. Growing Demand for online meeting platforms and other virtual services

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