Determine whether the good was an elastic or inelastic good

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Reference no: EM13214762

Provide an example of a product you have recently purchased in which the price changed. Determine whether the good was an elastic or inelastic good and explain how you know.

If you were to be a retailer, would you want to sell elastic or inelastic goods? State your reasons in your answer.

Reference no: EM13214762

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