Elucidate the factors which contribute to the elasticity

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Reference no: EM1327783

Factors that contribute to the elasticity

Explain the factors that contribute to the elasticity of goods:

1-discuss in detail the influences of price elasticity of demand

2-explain the factors that contribute to the elasticity of goods

3-discuss how these factors influence consumers to purchases goods or services

4-explain how price elasticity of demand relates to microeconomics

5-give a real life example of a good that shows elasticity of demand

6-incorporate the real life example into your discuss

7-explain if the good is elastic, inelastic, or unitarily elastic and why

Reference no: EM1327783

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