what is elastic. Trying to figure out if coffee is elastic or inelastic

Price of beef increases by 12% and the quantity of beef demanded falls by 10%. Calculate the elasticity. Is it elastic or inelastic?

Suppose that consumers experience a 5 percent increase in income and purchase walking shoes increase by 6 percent.  What is the income elasticity for walking shoes?  (Give your answer to one decimal place.)

1) Give an example of a product that is elastic and explain why. 2) Give an example of a product that is inelastic and explain why.   Thank you !!

The price elasticity of supply of a good is 0.8. Its price rises by 50% calculate the percentage rise in supply.

A rise in the price of a muffin from $2 to $3 results in a fall in the quantity demanded of muffins from 200 million to 160 million a day. Moreover, at today's price of a donut of $1.50, the quantity demanded of donuts increases from 70 million to 100 million a day.  Calculate the price elasticity of demand for muffins (show calculations) Is the demand for muffins elastic or inelastic? Calculate the cross elasticity of demand for donuts with respect to the price of a muffin. (show calculations) Based on the above calculation how would you characterize the relationship between muffins and donuts? Why would the business owner want to know this? Only typed solution

If the absolute value of elasticity of demand for chocolate is 0.64 then the demand for chocolate is considered: a. elastic b. inelastic c. unit elastic d. yummy elastic

Due to 5 percent fall in the price of food, it's demand rises by 12 percent. Find the price elasticity of demand and say demand is elastic or inelastic.

When the price of gasoline rises by 3 % the quantity demanded falls by 0.12 % . Calculate the price elasticity of demand and show whether demand on gasoline is elastic or inelastic .

Apple sells 10 million iPhones at $100 each. Apple increases the sale price to $200. Sales decreased to 9 million units. Calculate the product’s elasticity of demand then classify it as inelastic or elastic..