Question: Supply and Demand Worksheet (19 marks, thinking/ inquiry) Draw a demand & supply diagram (you can insert a picture also) (1 mark): 1. Name at

Supply and Demand Worksheet (19 marks, thinking/ inquiry) Draw a demand & supply diagram (you can insert a picture also) (1 mark): 1. Name at least two products that probably have elastic demand and at least two products that probably have inelastic demand (2 marks). 2. An elastic supply is one where the supplier can quickly increase or decrease the supply based on the demand. Name at least three products where the supply is fairly elastic (3 marks). 3. Explain in your own words what is meant by Inelastic supply and name at least two products that are examples of this

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