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Part A: Identify the demand elasticity of the following products. Product #1: Natural Gas (used for heating a home) (0.5 points) - Elastic or Inelastic

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Part A: Identify the demand elasticity of the following products. Product #1: Natural Gas (used for heating a home) (0.5 points) - Elastic or Inelastic - Circle, highlight, or bold your answer Product #2: Cheerios Cereal (0.5 points) - Elastic or Inelastic - Circle, highlight, or bold your answer Explanation: (1/2 page max at 12 point font)

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