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Please explain main determinants of price elasticity of demand. For each of the followingpairs of goods, which good would you expect to have more elastic

  • Please explain main determinants of price elasticity of demand. For each of the followingpairs of goods, which good would you expect to have more elastic demand and why?

a. textbooks or mystery novels

b. Beauty products or medicines

c. subway rides during the next 6 months or subway rides during the next 5 years

d. energy drinks or water

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