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Which good is elastic and why between Levi's jeans and basic clothing Question 3 (15 Marks) For each of the following pair of goods, which

Which good is elastic and why between Levi's jeans and basic clothing

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Question 3 (15 Marks) For each of the following pair of goods, which good would you expect to have more elastic demand and why? a. Herbex (slimming medication) or Insulin. (3 Marks) b. Taxi transport in the following 4 months or taxi transport in the following 10 years. (3 Marks) c. A concert ticket to see Thandiswa Mazwai perform live in concert or a ticket to see Beyonce perform live in concert. (3 Marks) d. Your Economics textbook or a Danielle Steel novel. (3 Marks) e. Levi jeans or basic clothing

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