1. For each of the following situations state whether the good is elastic, inelastic, unitary elastic, perfectly inelastic, or unable to determine and state which one of the elasticity rules (not generalizations) you used to make your determination. (3 points)

a. When the price of Reese Peanut Butter Cups falls by 30% Stacey increases her Reese buying by 30%.

b. Connor decreased the price of soda at his convenience store causing the quantity of soda sold to rise giving him 10% more in revenue.

c. When the price of Cardinal tickets rises by 20% Michael reduces the number of games he buys tickets to by 25%

d. At the annual Hollister half off sale, Jessica buys three times as much as she usually would.

e. Megan runs an ice cream store when she raised her prices she lost a lot of customers.

f.When the price of hot dogs goes up by 25% James reduces the number of hot dogs he will purchase by 10%