Question: Identify 3 items in your life that are elastic. Identify 3 items in your life that are inelastic. Explain for each item why it is

  • Identify 3 items in your life that are elastic.
  • Identify 3 items in your life that are inelastic.
  • Explain for each item why it is elastic or inelastic, using the determinants of elasticity.

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