why vacations or vacations in cancun each pair has the larger elasticity of demand?
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1. Question: Which item in each pair has the largest elasticity of demand,?
1. sports illustrated or a magazine
2.vacations or vacations in cancun
3.broccoli or vegetables
2 Question: Define income elasticity demand and cross elasticity of demand.
3.Question: What is the difference between momentary,short run, and long run supply?Which is the most elastic?which is least elastic?
Expert Answer
1) sports illustrated will have the largestelasticity Vacations in cancun will have the largestelasticity Broccoli will have the largest elasticity 2) Income elasticity = p
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Which item in each pair has the larger elasticity of demand? Why? a. Sports Illustrated or a magazine. b. Vacations or vacations in Cancun
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