ECO 204 week 2 DQ 1

Ashford 3: - Week 2 - Discussion 1

Your initial discussion thread is due on Day 3 (Thursday) and you have until Day 7 (Monday) to respond to your classmates. Your grade will reflect both the quality of your initial post and the depth of your responses.

 

Elasticity

 Analyze the determinants of the price elasticity of demand and determine if each of the following products  are elastic or inelastic: 

• bottled water
• toothpaste
• cookie dough ice cream
• fresh green beans
• gasoline 

In your analysis, please make sure to explain your reasoning and relate your answers to the characteristics of the determinants of the price elasticity of demand.

Carefully review the Discussion Forum Grading Rubric for the criteria that will be used to evaluate this Discussion Thread.