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Research and discuss the differences in elastic, inelastic, and unit

elastic goods. Then name a specific product you buy for which your demand is inelastic. Do not use something generic (such as gasoline or cigarettes) because these are too well known. Think about something specific to you. Be sure to discuss WHY this is the case with that product. Again, something that is inelastic for YOU, but might not be for the general public. Then post a real-world question involving price elasticity which will generate discussion from your peers.

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