Indicate whether the demand of below goods is elastic or inelastic. Think about each good in terms of the typical person's quantity demanded.
a. Cocoa Pebbles cereal
b. Tropicana orange juice
c. fast food in the food court at the mall
d. blood pressure and diabetes medication
e. public water and other utilities
f. cigarettes if smoke 3 packs a day
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Indicate whether the demand of below goods is elastic or inelastic. Think about each good in terms o...
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