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4. What are the major determinants of price elasticity of demand? Use those determinants and your own reasoning in judging whether demand for each of

4. What are the major determinants of price elasticity of demand? Use those determinants and your own reasoning in judging whether demand for each of the following products is probably elastic or inelastic? a. Cigarettes b. Restaurant meals c. Motor vehicles d. Electricity (household) e. Sugar f. Medical care g. Gasoline h. Legal services i. Automobile repair j. Diamond bracelet

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University Physics with Modern Physics

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