1. In Miami, isgasoline subject toan inelastic, unit-elastic, or elastic price elasticity of demandin the short run? Explain using no more than 32 words.
2. In the short run, is housingsubject to an inelastic, unit-elastic, or elastic price elasticity of demand? Explain using no more than 32 words.
3. Does wine represent a positive or negative income elasticity of demand? Explain using no more than 32 words.
4. Does private education representan inelastic, unit-elastic, or elastic income elasticity of demand? Explain using no more than 32 words