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November 21, 2014

Homework Help: eco205

Posted by Guest on Wednesday, May 14, 2008 at 8:41pm.

I am to do research on an industry and answer the question is price elasticity of demand considered elastic or inelastic? Are there substitutes available? Is the good a luxury or a necessity? Explain.
o What is the price elasticity of supply for your chosen industry? Explain.

My question is how do you search for this? i am lost when it comes to economics.

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