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what is a definition of elasticity and how does elasticity relate to the demand for goods and services. what is a definition of cross-price elasticity

  1. what is a definition of elasticity and how does elasticity relate to the demand for goods and services.
  2. what is a definition of cross-price elasticity and how does it relate to the demand for goods and services?
  3. what is a definition of a complementary good and a substitute good?
  4. what is the definition of inelastic demand?
  5. Name one product that has an elastic demand.
    1. Your answer should include a definition of elastic demand.

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