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Identify one inelastic (eggs) and one elastic good/service (fast food) and relate your examples to the characteristics of the price elasticity of demand. Price elasticity

Identify one inelastic (eggs) and one elastic good/service (fast food) and relate your examples to the characteristics of the price elasticity of demand." Price elasticity of demand is measured by the responsiveness of quantity demanded (or a % change in quantity demanded) to a given a % change in price of the product, all other things unchanged.

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