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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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