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Determine how elastic the demand for a product is

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Reference no: EM131431747

Characteristics that Determine Elasticity, presents 4 characteristics that determine how elastic the demand for a product is.

List each of these. For each one explain and write a separate paragraph for each.

How the level of price elasticity is impacted by it?

Does it make prices more or less elastic?

Reference no: EM131431747

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