Price Elasticity of Demand
For each of the following products/services state whether the elasticity of demand would be:
a) elastic
b) inelastic or
c) it depends
Include a brief explanation, not longer than a paragraph, for your choice.
1. electricity
2. milk
3. pencils
4. Coca Cola
5. jeans
6. paint
7. tattoos
8. coffee
9. diamond rings
10. plastic surgery