Question: Based on the determinants of elasticity as discussed in the text, explain what the price elasticity of demand of the following products would be: (a)

Based on the determinants of elasticity as discussed in the text, explain what the price elasticity of demand of the following products would be:
(a) Ballpoint pens;
(b) Crest toothpaste;
(c) Diamond rings;
(d) Sugar;
(e) Refrigerators.

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a Ballpoint pens Demand shouldbe slightly elastic because there are substitutes and they are not a c... View full answer

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