Explain for each item why it is elastic or inelastic, using the determinants of elasticity.

View the Chapter 5 Elasticity presentation. Then answer the discussion questions and post your responses here. Refer to the discussion section of the syllabus and the discussion rubric to earn all possible points for the discussion.

Identify 3 items in your life that are elastic.
Identify 3 items in your life that are inelastic.
Explain for each item why it is elastic or inelastic, using the determinants of elasticity.

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