Can i please get help with this assignment plzz?
1. Referring to my lecture notes: If price is rising and total revenue is rising, the good must be: _____________(elastic or inelastic).
2. Now that you know whether or not the hula hoop is elastic or inelastic according to what you researched, for each of the following bullet points below, choose the determinant between the two presented that supports your answer in #1 above:
3. In a short paragraph, and after you've studied my lecture notes for Chapter 7, relate this video about the hula-hoop to the information you learned in that chapter about utility. Defining "utility" would be an excellent start to your paragraph!
4. I want you to engage with at least one other person about the video. Did your answers agree? Did the answers surprise you?
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