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1. Why price elasticity of demand very high for luxury automobiles but very low for food? 2. How are tax burden and elasticity of demand
1. Why price elasticity of demand very high for luxury automobiles but very low for food?
2. How are tax burden and elasticity of demand (or supply) related?
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Introductory Econometrics A Modern Approach
Authors: Jeffrey M. Wooldridge
4th edition
978-0324581621, 324581629, 324660545, 978-0324660548
