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Discuss the demand that the seller faces

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Reference no: EM131581113

Question: For each of the following items, discuss whether you think the demand that the seller faces will be price inelastic or price elastic, and explain why.

a. A new CD by an extremely popular recording artist

b. One share of stock, when there are millions of shares for that company outstanding

c. Bottled drinking water, at a town in the desert

d. Your used textbooks, at the end of the term

Reference no: EM131581113

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