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jek_recluse [69]
3 years ago
6

Describe a product you know of that has elastic demand. Why is the demand for this product elastic? Explain.

Arts
1 answer:
IRINA_888 [86]3 years ago
3 0
<span>A good or service is said to be highly elastic if there is a a slight change in price this will cause a  sharp change in the quantity. Usually these kinds of products are readily available in the market - example is jewelry. lottery ticket
 
</span>
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