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Quantity demanded of product

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What are the forces that determine whether any Demand curve is (price) ELASTIC or INELASTIC? 2. Please name a product or a service that is new and original--- one not discussed in class. Is the Demand curve for this product or service (price) ELASTIC? Or INELASTIC? Why? Please apply all of the forces you mentioned in question 1. for this product or service. What is the price of your product? What will happen to the quantity demanded of this product if the price were to rise by 10%? Why?

Reference no: EM132488664

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