Microeconomics
Instructions
- Discuss the major determinants of price elasticity of demand.
- With these determinants in mind, take a moment to see if you can figure out which of the following products have elastic demand and which have inelastic demand. Note: answers may vary, so DEFEND your answer.
- Gasoline
- College textbooks
- Coffee
- Airline tickets
- Concert tickets
- Soft drinks
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APA
372 words