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.In each of the following, compare the price elasticity of demand for each pair of goods. Explain why the demand for one of the goods
.In each of the following, compare the price elasticity of demand for each pair of goods. Explain why the demand for one of the goods is more elastic than the other:
a. ) A flat screen TVversus an ipod.
b. ) Electricity just after an increase in its price versus electricity two years after the price increase.
c. ) Acetominophen versus Tylenol brand acetaminophen
d. ) Ipads when they first were produced versus Ipads two years from now.
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