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a. Recall that price elasticity is a function of (1) the number of available substitutes, (2) the time period of adjustment, (3) the durability of

a. Recall that price elasticity is a function of (1) the number of available substitutes, (2) the time period of adjustment, (3) the durability of the product, and (4) the percent of the consumer's budget. Describe these factors for the Starbuck's primary product. Based on this analysis, does the firm face elastic or inelastic demand

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