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Q i choose a sweater at the price of 12 in the past month

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Q. I choose a sweater at the price of $12 in the past month. Describe how each of the 4 factors contributed to the elasticity of the good. Is the product considered elastic, inelastic, or unitary elastic? In a few sentences, what effect does the current supply and current demand have on this product?

Reference no: EM13354837

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