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I would like to get input on talking points around this attached subject slide of Income Elasticity of Demand. - Talking points should first explain
I would like to get input on talking points around this attached subject slide of Income Elasticity of Demand.
- Talking points should first explain the concept in very simple terms that anyone can understand.
- And also the talking points should cover how income elasticity of demand affect profits.
- It is okay to assume and to utilize scenarios of specific company (i.e. Apple product, Tesla model 3, or any company and its product) to demonstrate how a change could change profits.
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