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1.For each of the following goods,indicate whether you expect demand to be inelastic or elastic,and explain why? (a)Opera: (b)Foreign travel: (c)Local telephone service(as a whole
1.For each of the following goods,indicate whether you expect demand to be inelastic or elastic,and explain why?
(a)Opera:
(b)Foreign travel:
(c)Local telephone service(as a whole not from any one particular carrier):
(d)"On Demand"movierentals:
(e)Eggs:
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