Are beverages, wine, and merlot most elastic, in between, or least elastic?

Elasticity Ranking of Beverages, Wine, and Merlot

Elasticity refers to the responsiveness of quantity demanded to a change in price. In this case, beverages, wine, and merlot can be ranked in terms of their elasticity. Beverages, which is a more general category, would be the least elastic as it includes a wide range of options and substitutes. Wine, on the other hand, is relatively more elastic than beverages since there are more specific types and brands to choose from. Merlot, being a specific type of wine, would have the highest elasticity since it is more narrow and specialized in comparison to beverages and wine as a whole.

To summarize, the ranking of elasticity from least to most would be: beverages, wine, and merlot.