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March 27, 2024

Identify one inelastic and one elastic goods/services that you have recently purchased or not, and relate your examples to the characteristics of the price elasticity of demand

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Identify one inelastic and one elastic goods/services that you have recently purchased or not, and relate your examples to the characteristics of the price elasticity of demand. Analyze the challenges a store would be facing to raise the price of an elastic and inelastic good.

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