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Give examples of: a) a good that you believe has perfectly inlastic demand for most people. Explain why you believe that to be the case..
Give examples of:
a) a good that you believe has perfectly inlastic demand for most people. Explain why you believe that to be the case..
b) a good that you believe has inlastic (not perfectly inelastic) demand for most people. Explain why you believe that to be the case.
c) a good that you believe has unitary elastic demand for most people. Explain why you believe that to be the case.
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