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What in general determines the elasticity of demand

Problem:

For the product or service that your employer provides to market (or a product offering of your choice from a company of interest), discuss in detail whether you believe the demand for that product or service is relatively elastic or relatively inelastic.

What is the price elasticity of demand and what in general determines the elasticity of demand?

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Finance Basics: What in general determines the elasticity of demand

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Finance Basics: What in general determines the elasticity of demand

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