Discussion pricing concepts

Learning Goal: I’m working on a marketing discussion question and need an explanation and answer to help me learn.

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Due Friday July 29 @5pm

Read the following examples. Which of the products are relatively elastic, and which are relativity inelastic and why?

  • Refrigerator
  • Gasoline
  • Internet service
  • Pair of jeans
  • Diamond
  • Scarves
  • Orange juice
  • Salt
  • Computer
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