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For each of the following pairs of goods, which good would you expect to have more elastic demand, and why? a. root beer or water b. subway rides during the next 6 months or subway rides during the

For each of the following pairs of goods, which good would you expect to have more elastic demand, and why?

a. root beer or water

b. subway rides during the next 6 months or subway rides during the next 5 years

c. Beethoven recordings or classical music recordings in general

d. required textbooks or mystery novels

May 06 2021 View more View Less

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