Homework Help: Economics

Posted by Michael M. on Wednesday, January 12, 2011 at 10:28pm.

For each pair of commodities, state which you think is the more price-elastic and gave your reasons: perfume and salt; penicillin and ice cream; automobiles and automobile tires; ice cream and chocolate ice cream.

Economics - Ms. Sue, Wednesday, January 12, 2011 at 10:36pm
This explanation should help you make these distinctions.

http://www.quickmba.com/econ/micro/elas/ped.shtml

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