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Find a product that has not already been selected by another

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Reference no: EM13253251

Different products have different elasticities. Heart medication, for example, is inelastic, and corn is elastic.

  • Find a product that has not already been selected by another student and describe its price elasticity and income elasticity.
  • How much control might an organization have over pricing based on a product's elasticity?
  • Discuss which of the elasticity rules you used to determine your answer.

Reference no: EM13253251

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