Problem 3.1. For each of the following products, indicate whether demand is likely to be elastic or inelastic by entering whether |e| g 1 . (a) Superyachts (d) Gasoline over 1 month (b) Spotify subscription (e) Rent over 2 years (c) Milk (f) Vegetables Problem 3.2. For each of the following products, indicate whether supply is likely to be elastic or inelastic by entering whether |e| g 1 . (a) Manhattan Apartments over 5 (d) Diamonds years (e) Roses (b) Manhattan Apartments over 1 year (f) Electric cars (c) Cross-t classes