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Write the definition for each of the following:
Law of Demand
Law of Supply
Price Elasticity of Demand
Macroeconomics
Microeconomics
Identify two Products whose demand is price elastic.
Identify two products whose demand is price inelastic.
Which of the following graphs best demonstrates the law of demand?
a) Ib) IIc) IIId) IV
Which of the following graphs best demonstrates the law of supply?
Include your references using APA formatting.
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