Question: Identify whether the ff. goods/services are elastic demand or inelastic demand 1. home heating oil 2. softdrinks 3. chocolate 4. water 5. heart medicines 6.

Identify whether the ff. goods/services are elastic demand or inelastic demand

1. home heating oil

2. softdrinks

3. chocolate

4. water

5. heart medicines

6. biscuits

7. gasoline

8. coffee

9. medical procedures

10. concert tickets

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