Question

Discuss the elasticity of the following goods before and after Covid-19 (assuming that all restrictions have been eased):

1. Eating out
2. Fruit and vegetable
3. Movies
4. Cars
5. i-Phones

Answer 1

Answer : Table showing information about elasticity pre-COVID and post- COVID are :

product name	Elasticity of demand before COVID	Elasticity of demand after COVID
Eating out	Inelastic demand as there has been necessary to eat outside as to fulfil there need and requirement.	Elastic demand because income has been decreased so the demand for eating outside is elastic.
Fruit and vegetable	Inelastic demand because there has been tremoundsly fixed demand as these goods are necessary.	Inelastic demand because these goods are necessary as fruits and vegetables demand does not change.
Movies	Unit elastic demand as the movies are source of entertainment for a person.	Higher elastic demand are the movies of an entertainment source for a person living there.
Car	Car has elasticity of demand higher before COVID.	Car has higher elasticity of demand in the time period of COVID as there has been elastic demand.
i-phones	Higher elastic demand because it is luxury good.	At the time of COVID , the higher elastic of demand as it is luxury good.