Does the assumption in the Krugman model that demand becomes less elastic as consumption increases seem realistic to you? Why or why not? What would the PP schedule in Krugman's basic diagram look like if demand became more elastic as per capita consumption increased?

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The Answer of Does the assumption in the Krugman model that demand becomes less elastic as consumption increases seem realistic to you? Why or why not? What would the PP schedule in Krugman's basic diagram look like if demand became more elastic as per capita consumption increased?

Does the Assumption in the Krugman Model That Demand Becomes