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Classifying Elasticity Classify the elasticity of demand and supply Which of the following is the best example of inelastic demand? a.) Tom chose the less
Classifying Elasticity Classify the elasticity of demand and supply Which of the following is the best example of inelastic demand? a.) Tom chose the less expensive Common Scents brand of candles rather than the Scentsational brand. b.) Tom's favorite store for table cloths raised its prices by 10%, so Tom purchased 50% less table cloths this year. c.) Tom chose Pretty/Cheap disposable plates, which were $1 less than the Notso Cheap brand. d.) Tom bought banners sold in town before. They were high quality, so he bought the same number of banners there again, despite an increase in price
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