What might be an example of a more elastic good?What might be an example of a more

• What might be an example of a more elastic good?
• What might be an example of a more

inelastic good? Explain why.

What importance do you feel it is for firms to understand the elasticity of their products they are selling?

• What are some possible investment choices as an individual?
• What factors influence your decision on what to invest in?
• How does the economic climate affect what you invest in?