For each pair of commodities, state which you think is the more price - elastic and give

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For each pair of commodities, state which you think is the more price - elastic and give your reasons: perfume and salt; penicillin and ice cream; automobiles and automobile tires; ice cream and chocolate ice cream.

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Economics

ISBN: ?978-0073511290

19th edition

Authors: Paul A. Samuelson, William Nordhaus

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Question Posted: Dec 05, 2015 03:29 AM

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For each pair of commodities, state which you think is the more price - elastic and give

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To conclude we can say that More price elastic perfume ...View the full answer

Economics

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