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How is the a luxury good? How would I calculate that to find that out? The data in the Price diagram indicates that per DVD

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How is the a luxury good? How would I calculate that to find that out?

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The data in the Price diagram indicates that per DVD DVDs are Supply A. luxury goods. O B. inelastic $16 goods. 12 O C. necessities. O D. both luxury D () = 4,000) goods and inelastic D ( = 3,000) goods. 25 30 35 Quantity of DVDs

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