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Issues in Economics Today 7th Edition by Robert Guell
Edition 7ISBN: 978-0078021817Issues in Economics Today 7th Edition by Robert Guell
Edition 7ISBN: 978-0078021817 Exercise 13
Give an example of a good that you believe has inelastic demand (not perfectly inelastic) for most people. Then explain why you believe that is the case.
Explanation
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Concept of Inelastic Demand:
A demand is...
Issues in Economics Today 7th Edition by Robert Guell
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