1. Is the demand for each item price elastic or price inelastic for the period i

1. Is the demand for each item price elastic or price inelastic for the period in which the calculation was made? 2. Did purchasing habits change (either buying more or buying less of either good) as a result of a price change? Did this agree with your finding of elastic or inelastic demand? 3. Can you observe any evidence of the income and/or substitution effects in action? 4. While preparing this did you observe any other factors that you feel should be mentioned (like regional/geographic differences in price or quantity differences in personal tastes availability of substitutes relative weight of each item as a percentage of total expenditures etc.)?