Micro Economic Discussion

I have provided you with a few screenshots. The first screenshot is the topic and the questions you have to answer. You must answer part one, questions 1, 2, 3, and part two. The answer is more so your opinion on the matter, with that being said, your answer must be at least 150 words if not more. I am looking for an in-depth quality answer. This is an Economic class, therefore you are expected to use terms such as Supply avenues, Demand, elasticity, and nonelasticity. Lastly, you must respond to another person (screenshot provided and you may do this on a separate piece of paper). The response to someone else must be 100-150 words. In-depth quality answers only.
Order of screenshots
1.) Topic of question/what you will be answering
2.) The second screenshot is written by someone else, you must respond to their answer.
3.) The last screenshot is basically the rubric that you must use. The rubric has 5 bullet points, you may ignore bullet 3 and provide a source that you used instead.
If you have any questions, comments, or concerns please feel free to reach out!
Good luck! 😊