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Price elasticity of demand

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Reference no: EM131243455

Price Elasticity of Demand

For each of the following products/services state whether the elasticity of demand would be:

a) elastic

b) inelastic or

c) it depends

Include a brief explanation, not longer than a paragraph, for your choice.

1. electricity

2. milk

3. pencils

4. Coca Cola

5. jeans

6. paint

7. tattoos

8. coffee

9. diamond rings

10. plastic surgery

Reference no: EM131243455

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