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Theme: Elasticity of Demand Make an essay and identify each case as an elastic, inelastic or unitary good, once you establish it you must say

Theme: Elasticity of Demand

Make an essay and identify each case as an elastic, inelastic or unitary good, once you establish it you must say why you consider that good falls under that category. Establish whether it is unitary, inelastic, or elastic correctly with an explanation. | Market situation | Product Inelastic, elastic or Unitary | Description |

Heinz soup

Kit Kat chocolate bar

Sports Porsche.

Organic bread

Homemade soup

Prescription medicines

7. Coca-Cola vs. Pepsi is a classic example in economics. If the price of one of these products increases, what will happen to the other?

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