We experienced a loss of jobs during the Pandemic; assume the CARES relief package was not sufficient to offset the effects of job loss.Anecdotally, there seemed to be an increase in alcohol consumption during the Pandemic. Businesses selling alcohol need to understand their elasticities to analyze the impact of the pandemic on their demand.Using the table, discuss what happened to the demand for beer, wine, and spirits during the Pandemic, holding the price of beer, wine, and spirit constant.As a rough guideline, your discussion should be no less than three (3) sentences and no more than six (6) sentences.

Elasticity Beer Wine Spirits Price Elasticity Exp = -.23 EYp = -.40 Ezp = -.25 Income Elasticity EXI = -.09 EYI = 5.03 EZI = 1.21 Cross Elasticity ExY = .31 EYx = 16 EZX = .07 Cross Elasticity EXz = .15 EYz = .10 EZY = .09