The estimated price elasticities of demand for the products listed in the table as "Product A" are from Table 7-7 in the text.Indicate whether the products listed as "Product B" will have a more elastic or less elastic demand than the corresponding Product A.
$\begin{array}{|l|l|l|l|}
\hline \begin{array}{ll}
\text { Product A }
\end{array} & \begin{array}{l}
\text { Estimated } \
\text { Elasticity for } \
\text { Product A }
\end{array} & \text { Product B } & \begin{array}{l}
\text { Is Estimated Elasticity for } \
\text { Product B More Elastic or Less }\
\text { Elastic than for Product A? }
\end{array} \
\hline \text { Beer } & -0.29 & \text { Samuel Adams } & \
&& \text { Boston Lager } & \
\hline \text { Chicken } & -0.37 & \begin{array}{l}
\text { Prganically raised } \
\text { chicken }
\end{array} & \
\hline \text { Cocaine } & -0.28 & \text { Fllegal narcotics } & \
\hline \text { Cigarettes } & -0.25 & \text { Marlboro Lights } & \
\hline \text { Restaurant } & & \text { Penny's Grand } & \
\text { meals } & -0.67 & \text { Slam breakfast } &\
\hline
\end{array}$

Question

The estimated price elasticities of demand for the products listed in the table as "Product A" are from Table 7-7 in the text.Indicate whether the products listed as "Product B" will have a more elastic or less elastic demand than the corresponding Product A.
 $\begin{array}{|l|l|l|l|}
\hline  \begin{array}{ll}
\text { Product A }
\end{array} & \begin{array}{l}
\text { Estimated } \
\text { Elasticity for } \
\text { Product A }
\end{array} & \text { Product B } & \begin{array}{l}
\text { Is Estimated Elasticity for } \
\text { Product B More Elastic or Less }\
\text { Elastic than for Product A? }
\end{array} \
\hline \text { Beer } & -0.29 & \text { Samuel Adams } & \
&& \text { Boston Lager } & \
\hline \text { Chicken } & -0.37 & \begin{array}{l}
\text { Prganically raised } \
\text { chicken }
\end{array} & \
\hline \text { Cocaine } & -0.28 & \text { Fllegal narcotics } & \
\hline \text { Cigarettes } & -0.25 & \text { Marlboro Lights } & \
\hline \text { Restaurant } & & \text { Penny's Grand } & \
\text { meals } & -0.67 & \text { Slam breakfast } &\
\hline 
\end{array}$

Quizplus · Accepted Answer

The Answer of The estimated price elasticities of demand for the products listed in the table as "Product A" are from Table 7-7 in the text.Indicate whether the products listed as "Product B" will have a more elastic or less elastic demand than the corresponding Product A.
 $\begin{array}{|l|l|l|l|}
\hline  \begin{array}{ll}
\text { Product A }
\end{array} & \begin{array}{l}
\text { Estimated } \
\text { Elasticity for } \
\text { Product A }
\end{array} & \text { Product B } & \begin{array}{l}
\text { Is Estimated Elasticity for } \
\text { Product B More Elastic or Less }\
\text { Elastic than for Product A? }
\end{array} \
\hline \text { Beer } & -0.29 & \text { Samuel Adams } & \
&& \text { Boston Lager } & \
\hline \text { Chicken } & -0.37 & \begin{array}{l}
\text { Prganically raised } \
\text { chicken }
\end{array} & \
\hline \text { Cocaine } & -0.28 & \text { Fllegal narcotics } & \
\hline \text { Cigarettes } & -0.25 & \text { Marlboro Lights } & \
\hline \text { Restaurant } & & \text { Penny's Grand } & \
\text { meals } & -0.67 & \text { Slam breakfast } &\
\hline 
\end{array}$

The Estimated Price Elasticities of Demand for the Products Listed