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1. Why would a coupon or rebate discount for a product that has an inelastic demand curve have very little effect on sales, while a
1. Why would a coupon or rebate discount for a product that has an inelastic demand curve have very little effect on sales, while a coupon or rebate discount for a product that has an elastic demand curve would probably see a major bump in sales? 2. How can such changes in consumer behavior be explained through elasticity of demand
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International Economics
Authors: Robert C. Feenstra, Alan M. Taylor
3rd edition
978-1429278515, 142927851X, 978-1319029517, 1319029515, 978-1429278447
