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Explain why the following situations would occur in terms of the factors that affect elasticity. a.Why is demand for cellular service is inelastic in the

Explain why the following situations would occur in terms of the factors that affect elasticity.

a.Why is demand for cellular service is inelastic in the short run, but more elastic in the long run?

b.Why is demand for a specific bakery's bread is elastic, while demand for all bread, in general, is Inelastic?

c.Why is the demand for personal computers is elastic?

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