Good	Price elasticity of demand
Inelastic demand
Gasoline (short-run)	0.09
Gasonline (long-run)	0.24
Airline travel (business)	0.80
Soda	0.80
College (in-state tuition)	0.87
Elastic demand
Housing	1.2
College (out-of-state tuition)	1.2
Airline travel (leisure)	1.5
Coke/Pepsi	3.3