5. State whether the demand for the following goods is elastic or inelastic and explain. (There may not be a definitive answer for some, so give an explanation. Or look for data!) a. Shampoo b. Crest toothpaste C. Movie tickets d. Bud beer е. Вeer f. Nike Sneaks

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter5: Elastic And Its Application
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5. State whether the demand for the following goods is elastic or inelastic and explain. (There
may not be a definitive answer for some, so give an explanation. Or look for data!)
a. Shampoo
b. Crest toothpaste
C. Movie tickets
d. Bud beer
е. Вeer
f. Nike Sneaks
Transcribed Image Text:5. State whether the demand for the following goods is elastic or inelastic and explain. (There may not be a definitive answer for some, so give an explanation. Or look for data!) a. Shampoo b. Crest toothpaste C. Movie tickets d. Bud beer е. Вeer f. Nike Sneaks
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