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What are the major determinants of price elasticity of demand? What is the demand for each of the following products, elastic or inelastic: (a) bottled
What are the major determinants of price elasticity of demand? What is the demand for each of the following products, elastic or inelastic: (a) bottled water; (b) toothpaste; (c) Spam; and (d) Heinz ketchup.
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