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Explain why quantity demanded does change a lot in response to an increase or decrease in price.

Elastic vs Inelastic Demand Write a discussion post that identifies real world goods or services that have elastic/inelastic demand. *Name a specific good or service that has inelastic demand (it has a steep demand curve). *Explain why quantity demanded does not change in response to an increase or decrease in price. *Then name a specific […]

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