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Compare the price elasticity of demand

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1) Compare the price elasticity of demand for the two products. Which of these is more elastic and very briefly explains why?

a) Diesel fuel for vehicles in the next six months or diesel fuel for vehicles five years into the future?

b) Demand for milk sold in a town's convenience store at 2 AM vs. demand for milk sold by a town's convenience store at 2 PM?

Reference no: EM133084384

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