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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?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M937507

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