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During this current COVID 19 situation, what is the elasticity of the following products, elastic or inelastic? Are they normal goods or inferior goods? What
During this current COVID 19 situation, what is the elasticity of the following products, elastic or
inelastic? Are they normal goods or inferior goods? What happens to each when prices go DOWN?
Explain your answers in depth.
a) Fish and Chips
b) Cruise
c) Rice
d) Hand-wash soap
e) Tiramisu
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