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Judge which goods stretch with price

Exercise and reference answers

Left
Elastic
Items
  1. Item
    Caribbean cruises
    Answer
    Elastic
  2. Item
    Life saving drugs
    Answer
    Inelastic
  3. Item
    Sports vehicles
    Answer
    Elastic
  4. Item
    Restaurant meals
    Answer
    Elastic
  5. Item
    Housing
    Answer
    Inelastic
  6. Item
    Diamond rings
    Answer
    Inelastic
  7. Item
    Bread and pencils
    Answer
    Elastic
  8. Item
    Gasoline
    Answer
    Inelastic
Right
Inelastic
Instructions
Swipe left if demand or supply is elastic, right if it is inelastic.

Explanation

_Source: OpenStax Principles of Microeconomics for AP Courses, section 5.2 Polar Cases of Elasticity and Constant Elasticity_
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