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What factors influence the price elasticity of demand? In other words, what makes us, the consumers, become more sensitive to change in price of certain

What factors influence the price elasticity of demand?

In other words, what makes us, the consumers, become more sensitive to change in price of certain products, but insensitive to certain other products.

For example, how would you classify the following goods or services in terms of price elasticity?

- Table Salt

- Brand Bottled Water

- Defense Lawyer

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