identify and describe one (and only one) elastic market as well as one (and only one) inelastic market of your choosing.

Indicate why your choices have the relative elasticities that they do. In addition to your personal reasons for the choices, you need to apply the determinants of elasticity to sort why your choice in Market One is elastic and why the choice in Market Two is inelastic.

So, for Market One: What is a good or service that you purchase in your life for which your demand is most elastic? Why?

Now, for Market Two: What is a good or service that you purchase in your life for which your demand is highly inelastic? Why? Be sure to draw upon Chapter 19 for your analysis.

Notes: Do not duplicate an example in the text, a lead post, or a selection from one of your classmates. You will be asked to re-post. Also, if you post more than one example for elastic or inelastic, your second (or subsequent) example(s) will be ignored. With that in mind, please be clear and only provide analysis of your first example.