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Explain how elasticities of demand affect consumer behavior, i.e., why price discrimination works for different groups in the economy. Also, pick a good or service
Explain how elasticities of demand affect consumer behavior, i.e., why price discrimination works for different groups in the economy. Also, pick a good or service you bought without using a coupon or rebate because the opportunity cost was too high to make you go through the hassle of using either method to help pay for the good or service.
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