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Choose A Product That You Consume

Author: Chris Kaboo
July 21st, 2021

Choose a product that you consume. What are the determinants of the demand for your chosen product? What are the substitutes for the product? What are the complements of the product? Is the price elasticity of demand of the product elastic or inelastic? What are the determinants of the price elasticity of demand for the product? How would you characterize the income elasticity of demand of the product? 200 words. 

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