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Classify the relative Price Elasticity of Demand (E p ) (Elastic, Unitary or Inelastic) for each of the following products. Be sure to provide adequate
- Classify the relative Price Elasticity of Demand (Ep) (Elastic, Unitary or Inelastic) for each of the following products. Be sure to provide adequate and logical set of economic reasons that support the chosen classification of the price elasticity of demand.
- Cable TV (Premium Channel Package)
- Electricity to power home uses (appliances, heating & cooling, computers, etc.)
- Restaurant meals
- Urban rail transit during rush hour
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International Business
Authors: Michael Czinkota, Iikka A. Ronkainen, Michael H. Moffett
8th edition
470530658, 470530650, 978-0470530658
