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You should post a memo which you describe the factors that contribute to the elasticity of goods. You should also incorporate real-life ex of price elasticity of demand, and discuss how it impacts the economy.

Discuss in detail the influences of price elasticity of demand.
describe the factors that contribute to the elasticity of goods.
Discuss how these factors influence consumers to purchase goods or services.
describe how price elasticity of demand relates to microeconomics.
Give a real-life ex of a good that shows elasticity of demand.
Incorporate the real-life ex into the memo.
describe if the good is elastic, inelastic, or unitarily elastic. Why?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M937507

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