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Identify One type of product that is price elastic or inelastic for you. Explain why it is that way for you. Identify one type of

Identify One type of product that is price elastic or inelastic for you. Explain why it is that way for you.

Identify one type of product that has a negative income elasticity for you. Explain why it is that way for you.

Be sure to reference economics in your response.

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