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Provide an example of a product you have recently purchased in which the price changed

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Question;Provide an example of a product you have recently purchased in which the price changed. Determine whether the good was an elastic or inelastic good and explain how you know.If you were to be a retailer, would you want to sell elastic or inelastic goods? State your reasons in your answer.

 

Paper#56534 | Written in 18-Jul-2015

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