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The discussion board this week deals with price elasticity

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Question

Question;?;The discussion board this week deals with price elasticity.;Pay special attention to Chapter 18 page 621-623. Give a brief discussion;of what price elasticity is. Name one product for which your demand is;elastic and one product for which your demand is inelastic. For example;if a compnay raised the price of a product you buy by 10%, would you;reduce your purchases? Would you buy the same amount? Do you think;the majority of customers would feel the same way as you do? Why?

 

Paper#46529 | Written in 18-Jul-2015

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