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For the following pairs of goods, which one would you expect to have more elastic demand and why. a. Herbex or insulin b. Levi Jean's

For the following pairs of goods, which one would you expect to have more elastic demand and why.

a. Herbex or insulin

b. Levi Jean's or basic clothing.

c. Your economics textbook book or Danielle steel novel.

d. A concert ticket to see Thandiswa Mazwai perform live in a concert or a ticket to see Beyonce perform live in a concert.

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