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Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648 Exercise 22
Which of the following has a more elastic demand in the short run?
a. Pomegranate juice or drinking water?
b. Cereal or Rice Krispies ®?
c. Speedboats or gourmet chocolate?
a. Pomegranate juice or drinking water?
b. Cereal or Rice Krispies ®?
c. Speedboats or gourmet chocolate?
Explanation
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Inelastic and Elastic Demand
The propor...
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
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