Discuss how each of the 4 factors contributed to elasticity

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Reference no: EM1365212

Choose a product you have purchased in the past month from a grocery or home improvement store.

Discuss how each of the 4 factors contributed to the elasticity of the good.

Is the product considered elastic, inelastic, or unitary elastic?

In a few sentences, what effect does the current supply and current demand have on this product?

Reference no: EM1365212

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