The options are either more elastic than, less elastic than, or just as elastic as

In each of the eight situations below, determine how the price elasticities most likely compare to each other. a. The demand for a good with many close substitutes will be - the demand for a good with few close substitutes. b. The demand for apples is - the demand for fruit. 0. When a consumer has a week to buy a good, that consumer's demand for a good is v his demand for the same good when he has a year to buy it. (I. The demand for toothpicks will be - the demand for European vacations. e. A consumer's demand for a prescription drug will be ' his or her demand for for lip balm. f. The demand for tourist-class airline tickets will be ' the demand for rst-class tickets. g, Consumers' demand for tobacco is - their demand for chewing gum. h. Consumers' demand for designer purses is v their demand for mass-produced purses