Week __________________ Team # __________ Participating Team Members with % Contribution:

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Elasticity
List the Criteria that causes price elasticity.
1.
2.
3.
4.
5.
6.
7.
THIS OR THAT For each of the following pairs of goods, state which good you would expect to have more elastic
demand and explain why.

a. Running shoes for marathon

runners or running shoes in
general
b. No Name Ketchup vs. Heinz
Ketchup
c. Spicy Heinz Ketchup vs.
regular Heinz Ketchup
d. Toothbrush or replacement
for the battery operated
toothbrush