For the following products, indicate if your demand for the product is elastic or inelastic and why.

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-Having a car (all car prices have increased 30% - elastic or inelastic?)

-Home internet service (all service providers have doubled their prices - elastic or inelastic?)

-College courses (all schools have doubled their prices - elastic or inelastic?)

-Cold and flu medicine (all products have tripled their prices - elastic or inelastic?)

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Accounting for Decision Making and Control

ISBN: 978-0078025747

8th edition

Authors: Jerold Zimmerman

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Posted Date: Dec 02, 2023 01:54 PM

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For the following products, indicate if your demand for the product is elastic or inelastic and why.

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Having a car all car prices have increased 30 Elastic The demand for owning a car is generally elast... View the full answer

Accounting for Decision Making and Control

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