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Find a recent (within the last 24 months) article or economic blog on price elasticity of demand, and briefly summarize the information. Why is understanding

Find a recent (within the last 24 months) article or economic blog on price elasticity of demand, and briefly summarize the information. Why is understanding elasticity of demand important to microeconomics?

HINT: PED is especially important in industries with habituating or health-essential products. Think tobacco and pharmaceuticals.

Include an APA reference and/or web link. To earn full credit, you cannot duplicate information that has already been posted.

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