Demand for the product elastic or inelastic in the short run

Reference no: EM13162830

"The 2 products I am using are: Nestle Milk and Dove Soup..

Is demand for the product elastic or inelastic in the short run? In the long run?

Is the firm's production capital-intensive or labor-intensive? How important is technology in the producing the product? Why?

Reference no: EM13162830

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Demand for the product elastic or inelastic in the short run : The 2 products I am using are: Nestle Milk and Dove Soup.. Is demand for the product elastic or inelastic in the short run? In the long run? Is the firm's production capital-intensive or labor-intensive? How important is technology in the producing ..

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