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What is the impact of JobKeeper on income elasticity and price elasticity? Is demand elastic or inelastic? Provide examples to support your answer. Will people
What is the impact of JobKeeper on income elasticity and price elasticity? Is demand
elastic or inelastic? Provide examples to support your answer. Will people use the
substitution effect to manage affordability or will there be no impact on buying
capacity? Provide reasons to support your answer. Use diagrams to explain your
views. As in the previous case, please do not cut and paste diagrams from different
sources.
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