If the elasticity of demand for restaurant meals is 2.27, the demand for restaurant meals is: Multiple Choice elastic. inelastic. unit elastic. perfectly inelastic.If an economist observed that higher hot dog prices lead to an increase in the demand for chili, she most likely would conclude that: Multiple Choice chili and hot dogs are complements. chili and hot dogs are substitutes. chili and hot dogs are both inferior goods. chili and hot dogs are both normal goods