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Money Inc is looking to produce new products for 2020. They believe that inelastic products have the highest return on investment. The table below shows
Money Inc is looking to produce new products for 2020. They believe that inelastic products have the highest return on investment. The table below shows the change in quantity supplied for 4 prospective products from 2018 to 2019. Assume that all the products had the same percentage change in price of 6.8% during the same period. Which product(s) should Money Inc produce?
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