Response essay according to the book - cheap

Cheap: Chapter 7 – Discounting and its Discontents

1. What does the concept of elasticity mean?

I paragraph

2. What products are elastic and inelastic? Provide examples that are NOT in the book.

2 paragraphs

3. Why is it not necessary to discount goods that are inelastic?

1 paragraph

4. What is the relationship between education, income, and good eating habits? (Note, this is a conceptual thought question).

2 paragraphs