The Estimated Price Elasticities of Demand for the Products Listed

Essay

The estimated price elasticities of demand for the products listed in the table as "Product A" are from Table 6-2 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.
$\begin{array}{|l|l|l|l|}\hline&&&\text { Is Estimated Elasticity for }\\&\text { Estimated}&&\text { Product B More Elastic or }\\&\text { Elasticity for}&&\text { Less Elastic than for}\\\text { Product A }&\text { Product A }&\text { Product B }&\text { Product A ?}\\\hline&&\text { Samuel Adams } \\\text { Beer } & -0.29&\text { Boston Lager }\\\hline &&\text { Organically } \\ \text { Chicken } & -0.37 & \text { raised chicken }\\\hline&&\text { Illegal } \\ \text { Cocaine } & -0.28 &\text { narcotics }\\\hline&&\text { Marlboro }\\\text { Cigarettes } &-0.25&\text { Lights }\\\hline\text { Restaurant } &&\text { Denny's Grand }\\ \text { meals }&-0.67&\text { Slam breakfast }\\\hline \end{array}$