lowest discussion grade. Topic: Define elastic and inelastic price elasticity of demand. Gas prices have clearly been impacted by the Russia/Ukraine war. Do you think the price of gas is elastic or inelastic? Why? Do you feel like diesel demand is more price elastic or less price elastic? Why? Give an example of another good that has been affected by the Russia/Ukraine war. How has this good been impacted and is this good elastic or inelastic? Be sure that you are very specific in your answers as this is the only way that I can truly know if you understand and can apply the concept