Based solely on the information provide below, characterize the demands for the following goods as being more elastic or more inelastic.
a) A 45-cent box of salt that you buy once a year.
b) A type of high powered ski board that you can rent from any one of a number of rental agencies.
c) A specific brand of bottled water.
d) Automobile insurance in a state that requires autos to be insured but has only a few insurance companies.
e) A 75-cent guitar pick for the lead guitarist of a major rock band.
Concept Introduction:
(a) More elastic
(b) More
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