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(Solved): elasticity for a product. Give an example of one specific product that is highly price elastic and t ...



elasticity for a product. Give an example of one specific product that is highly price elastic and then state why that is. Then give an example of once specific product that is highly price inelastic and state why that is. Next, give an example of one specific product that is highly income elastic and then state why that is. Then give an example of once specific product that is highly income inelastic and state why that is.



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