List 5 goods in order of their elasticity from most elastic to most inelastic. Explain as why

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List 5 goods in order of their elasticity from most elastic to most inelastic. Explain as why each good is in the slot you put it in.

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Business Law Text and Cases

ISBN: 978-0324655223

11th Edition

Authors: Kenneth W. Clarkson, Roger LeRoy Miller, Gaylord A. Jentz, F

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Question Posted: Mar 01, 2017 01:10 PM

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List 5 goods in order of their elasticity from most elastic to most inelastic. Explain as why

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1 Water perfectly inelastic for it being a necessity 2 Tata salt is less elastic as if ...View the full answer

Business Law Text and Cases

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