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Hello, need some tutoring help regarding microeconomics issue of elasticity. Thanks.!! What is the price elasticity of demand? Why is the price elasticity of demand

Hello, need some tutoring help regarding microeconomics issue of elasticity. Thanks.!!

What is the price elasticity of demand?

Why is the price elasticity of demand useful to businesses?

Give examples of commodities that high price elasticity of demand.

Give examples of commodities that low price elasticity of demand.

Why do these items have the price elasticity of demand values that they have?

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