Considering your own personal consumption and spending habits Do you consider yourself to be price sensitive?Why or
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Question:
Considering your own personal consumption and spending habits
- Do you consider yourself to be price sensitive?Why or why not?
- How might a change in income affect your consumption/spending habits?
- Give some examples of goods that you purchase for which your own demand is elastic.
- Give some examples of goods that you purchase for which your own demand is inelastic.
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