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Discussion of the chosen product/good/commodity/brand and the reasons you chose it. Discussion on what you consider the major determinants of the chosen good's price elasticity
- Discussion of the chosen product/good/commodity/brand and the reasons you chose it.
- Discussion on what you consider the major determinants of the chosen good's price elasticity of demand.
- Recommendation: Choose its one or two most significant determinants and comment on the good's relative price elasticity of demand as compared to sample products in the textbook's Table 3.7.
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Managerial Economics and Business Strategy
Authors: Michael R. baye
7th Edition
978-0073375960, 71267441, 73375969, 978-0071267441
