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For the following products, indicate if your demand for the product is elastic or inelastic and why. -Having a car ( all car prices have

For the following products, indicate if your demand for the product is elastic or inelastic and why.

-Having a car (all car prices have increased 30% - elastic or inelastic?)

-Home internet service (all service providers have doubled their prices - elastic or inelastic?)

-College courses (all schools have doubled their prices - elastic or inelastic?)

-Cold and flu medicine (all products have tripled their prices - elastic or inelastic?)

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