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Consider the following pairs of goods. For which of the two goods would you expect the demand to be more price elastic? Explain briefly. a.
Consider the following pairs of goods. For which of the two goods would you expect the demand to be more price elastic? Explain briefly.
a. insulin or nasal decongestant spray
b. food in general or breakfast cereal
c. gasoline over the course of a week or gasoline over the course of a year
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