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give me a brief summary of elastic and inelastic demand. Provide examples of goods that you purchase for which your own demand is elastic and

give me a brief summary of elastic and inelastic demand. Provide examples of goods that you purchase for which your own demand is elastic and 2 examples of goods for which your demand is inelastic.

Do you consider yourself to be price-sensitive? And why? (Please provide examples)

Access to credit has changed the way we budget. What are the pros and cons of easy access to credit for US Consumers and producers?

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