For each of the following pairs, identify which one is likely to exhibit more elastic demand: a.
Question:
a. Shampoo; Paul Mitchell Shampoo
b. Air travel prompted by an illness in the family; vacation air travel
c. Paper clips; an apartment rental
d. Prescription heart medication; generic aspirin
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a Demand for Paul Mitchell Shampoo is likely more elastic than is demand fo...View the full answer
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