1. For ea of the following items, discuss whether you think the demand that the seller faces...
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1. For ea of the following items, discuss whether you think the demand that the seller faces will be price inelastic or price elastic, and explain why.
a. A new song by an extremely popular recording artist
b. One share of sto, when there are millions of shares for that company outstanding
c. Boled drinking water, at a town in the desert
d. Your used textbooks, at the end of the term
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Related Book For 
Microeconomics In Context
ISBN: 9781138314566
4th Edition
Authors: Neva Goodwin , Jonathan M. Harris, Julie A. Nelson , Pratistha Joshi Rajkarnikar , Brian Roach , Mariano Torras
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