- Do you think coffee is an elastic or inelastic good? Use 2 of the determinants of elasticity that we learned about to justify your answer. Do not use the time horizon, as it does not apply.
- Why is elasticity important? Why do we care if a good is elastic or inelastic? How can this knowledge be applied in the real world?
- Reply to another student.
- You should write approximately 6 sentences and about 250 words. Please check your work for spelling and grammar errors to avoid a loss of points.