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For each of the following pairs, identify which one of the pair is likely to exhibit more elastic demand: shampoo; Paul Mitchell Shampoo air travel
For each of the following pairs, identify which one of the pair is likely to exhibit more elastic demand:
shampoo; Paul Mitchell Shampoo
air travel prompted by an illness in the family; vacation air travel
paper clips; an apartment rental
prescription heart medication; generic headache remedy
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