For Each Pair of Goods, Explain Which Is More Elastic

question 114

Essay

For each pair of goods, explain which is more elastic: toothpicks vs.cars; electricity vs.yachts; IBM computers vs.Apple computers.

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Definitions:

Spanish Exploration

The period where Spain explored the Americas and other parts of the globe, beginning in the late 15th century, ushering in the era of European colonization.

European Diseases

Infectious diseases brought to the Americas by European explorers and colonizers that had devastating effects on the indigenous populations, who had no immunity to these diseases, including smallpox, influenza, and measles.

Quebec

A province in eastern Canada, known for its French-speaking population and distinctive French-Canadian culture.

Samuel de Champlain

A French navigator, cartographer, and explorer credited with founding New France and Quebec City in the early 17th century.