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problem 3: For each of the following pair of goods, which goods, would you expect to have more price elastic demand and why? a.Textbookds recommended

problem 3:

For each of the following pair of goods, which goods, would you expect to have more price

elastic demand and why?

a.Textbookds recommended by lectureres or mystery novels.

b.Downloads of tracks by jay-Z or downloads of hip-hop music in general.

c. Heating oil during the next six months or heating oil during the next five years.

d.Lemonade and water.

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