When the price of coffee is $1.00 per cup, Andy buys 15 cups per week; Bill buys 15 cups; and Carol buys 20 cups. When the price of coffee is $1.50, Andy buys 5 cups per week; Bill buys 10 cups; and Carol buys 15 cups. Show which of these describes each person's elasticity of demand for coffee in this price range: Elastic Inelastic Unit elastic Perfectly elastic Perfectly inelastic

Andy: _______________________

Bill: _______________________

Carol: _______________________

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