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What might be an example of a more elastic good

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Reference no: EM132324943

What might be an example of a more elastic good?

What might be an example of a more inelastic good? Explain why.

What importance do you feel it is for firms to understand the elasticity of their products they are selling?

What are some possible investment choices as an individual?

What factors influence your decision on what to invest in?

How does the economic climate affect what you invest in?

Fully explain what that characteristic means and what its importance is to classifying a market as perfectly competitive.

Reference no: EM132324943

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