Question: What to do: After reading the elasticity chapter, share with us what happened to the elasticity of demand for essential items during the COVID 19

What to do:

After reading the elasticity chapter, share with us what happened to the elasticity of demand for essential items during the COVID 19 pandemic.

Please use specific examples in your discussion post, such as surgical masks, food, water, rent, etc. to answer the following questions:

  1. In your opinion, is the demand for essential items elastic or inelastic during the COVID-19 pandemic? Why do you think so? Explain your answer in terms of economics.
  2. Please select one specific good or service that has inelastic demand and share your own experiences in the real world.
  3. Please select one specific good or service that has elastic demand and share your own experiences in your daily lives.

Discussion Directions:

Your original post must be no less than 120 words

please be specific and no unnecessary details.

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