Illustrate what are major determinants of price elasticity

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Reference no: EM1359197

What are the major determinants of price elasticity of demand? Use those determinants and your own reasoning in judging whether demand for each of the following products is probably elastic or inelastic:

(a) Bottled water

(b) Toothpaste

(d) Ketchup

(e) Diamond bracelets

(f) Microsoft windows operating system

Reference no: EM1359197

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