are electronics elastic or inelastic
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If demand for a good or service is relatively static even when the price changes, demand is said to be inelastic, and its coefficient of elasticity is less than 1.0. Examples of elastic goods include clothing or electronics, while inelastic goods are items like food and prescription drugs.
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If demand for a good or service is relatively static even when the price changes, demand is said to be inelastic, and its coefficient of elasticity is less than 1.0. Examples of elastic goods include clothing or electronics, while inelastic goods are items like food and prescription drugs.
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